N.Y. Pub. Auth. Law § 1020-R
Current through 2024 NY Law Chapter 457
All appropriations made by the state to the authority shall be treated as advances by the state to the authority, and shall be repaid to it without interest either out of the proceeds of bonds issued by the authority pursuant to the provisions of this title, or by the delivery of non-interest bearing bonds of the authority to the state for all or any part of such advances, or out of excess revenues of the authority, at such times and on such conditions as the state and the authority mutually may agree upon.
N.Y. Pub. Auth. Law § 1020-R