Subject to the rights of bondholders, the towns may determine if the monies so appropriated shall be subject to repayment by the corporation to the towns and, in such event, the manner and time or times for such repayment.
Any such contract or contracts shall be authorized by the towns by act adopted by majority vote of the town boards. Such contract or contracts shall include such terms and conditions, be for such consideration, if any, and have such term or terms of years, as the corporation and the towns may agree.
N.Y. Pub. Auth. Law § 3607