N.Y. PBG Law § 219-C

§ 219-c. Additional powers of certain authorities. An authority\noperating in a city having more than one million inhabitants shall have\nthe following powers in addition to the other powers granted by this\nchapter:\n 1. Prepare or arrange for preparation of plans for, acquire,\nconstruct, lease, carry out, manage, operate and dispose of emergency\nprojects, and with regard to emergency projects shall have and exercise,\nexcept as in this article otherwise expressly provided, all the powers,\nrights and privileges granted to an authority under this chapter in\nreference to any project of an authority, but without regard to the\nlimitations prescribed by sections ninety-seven, one hundred fifty, one\nhundred fifty-one, one hundred fifty-five, and one hundred fifty-six of\nthis chapter.\n 2. Act as agent for, or enter into contracts and otherwise cooperate\nwith a government in connection with emergency projects.\n 3. Issue bonds and notes for the purposes of this article in\naccordance with the powers granted under article three of this chapter,\nexcept that such bonds may be issued for periods not exceeding the\nprobable life of the emergency project for which they are issued, which\nprobable life is hereby determined to be ten years. The powers granted\nby this section shall include the power of such authority to issue its\nbonds or notes to finance all or any part of the development and\noperation of emergency projects which a city has undertaken by contract\nwith a government, and as to which the authority will act as agent or\nlessee for the city, notwithstanding that the city agrees to reimburse\nthe authority for all or any part of the development and operation of\nthe emergency project.\n 4. Issue refunding bonds for the purpose of paying or retiring bonds\npreviously issued by it for emergency projects but no such refunding\nbonds shall have a maturity date later than the end of the probable life\nof the emergency project for which they are issued.\n