N.Y. Pub. Hous. Law § 154
Current through 2024 NY Law Chapter 553
Subject to the terms of any loan or subsidy contract with a government, the power to fix rents on a project shall rest exclusively with the authority. But nothing in this chapter shall prevent an authority or municipality from establishing, in addition to all other operation and depreciation reserve funds, a reserve fund, or funds which may be applied in aid of the construction, operation or maintenance of other projects of such authority or municipality.
N.Y. Pub. Hous. Law § 154