N.Y. PBA Law § 1009-A
This is the official text of N.Y. PBA Law § 1009-A, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Notes of the authority
Official statutory text
§ 1009-a. Notes of the authority. The authority shall have the power\nand is hereby authorized from time to time to issue its negotiable notes\nin conformity with applicable provisions of the uniform commercial code\nfor any corporate purpose and renew from time to time any notes by the\nissuance of new notes, whether the notes to be renewed have or have not\nmatured. The authority may issue notes partly to renew notes or to\ndischarge other obligations then outstanding and partly for any other\npurpose. The notes may be authorized, sold, executed and delivered in\nthe same manner as bonds. Any resolution or resolutions authorizing\nnotes of the authority or any issue thereof may contain any provisions\nwhich the authority is authorized to include in any resolution or\nresolutions authorizing bonds of the authority or any issue thereof, and\nthe authority may include in any notes any terms, covenants or\nconditions which it is authorized to include in any bonds. All notes\nshall be general obligations of the authority payable out of any of its\nmoneys or revenues, subject only to any contractual rights of the\nholders of any of its notes or other obligations then outstanding.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.