N.Y. PBA Law § 1193
This is the official text of N.Y. PBA Law § 1193, 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.
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Obligations of contracts not impaired
Official statutory text
§ 1193. Obligations of contracts not impaired. From and after the\nfiling with the common council of the city and the secretary of state of\nthe state of New York of the certificate of completion of the project,\nas provided in section fourteen hundred four of this chapter, all\ncontracts of the city in respect of the existing sewer system or any\npart thereof shall be binding upon the authority with the same force and\neffect as though such contracts had been expressly assumed by the\nauthority and such contracts shall inure to the benefit of the authority\nwith the same force and effect as though such contracts had been\nexpressly assigned to the authority. Moneys to provide for the payment\nof notes, bonds or other obligations issued by the city in relation to\nthe existing sewer system or any part thereof, shall be raised,\ncollected and paid by the city as though this law had not been enacted,\nand the authority shall not be liable thereon.\n
Status: in_force · Read it on the official government site
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