N.Y. LFN Law § 54.30

§ 54.30 Costs of sales; bonds and notes of the city of Buffalo.\nSubject to the provisions of chapter one hundred twenty-two of the laws\nof two thousand three creating the Buffalo fiscal stability authority,\nto facilitate the marketing of any issue of serial bonds or notes of the\ncity of Buffalo issued on or before June thirtieth, two thousand\ntwenty-seven, such city may, notwithstanding any limitations on private\nsales of bonds provided by law, and subject to approval by the state\ncomptroller of the terms and conditions of such sale: (a) arrange for\nthe underwriting of its bonds or notes at private sale through\nnegotiated agreement, compensation for such underwriting to be provided\nby negotiated fee or by sale of such bonds or notes to an underwriter at\na price of less than the sum of par value of, and the accrued interest\non, such obligations; or (b) arrange for the private sale of its bonds\nor notes through negotiated agreement, compensation for such sales to be\nprovided by negotiated fee, if required. The cost of such underwriting\nor private placement shall be deemed a preliminary cost for purposes of\nsection 11.00 of this article.\n