Upon the transfer pursuant to section thirty-one hundred fifty-six of this title of the functions and powers possessed by and all of the obligations and duties of the New York state office of science, technology and academic research as established pursuant to article ten-B of the executive law to the foundation as prescribed by section thirty-one hundred fifty-six of this title, any business or other matter undertaken or commenced by the New York state office of science, technology and academic research pertaining to or connected with the functions, powers, obligations and duties so transferred and assigned to the foundation may be conducted or completed by the foundation.
N.Y. Pub. Auth. Law § 3160