N.Y. PBG Law § 415

§ 415. Niagara Falls Housing Authority. A municipal housing\nauthority, to be known as the Niagara Falls Housing Authority, is hereby\ncreated and established in the city of Niagara Falls in the county of\nNiagara for the accomplishment of any or all of the purposes specified\nin article eighteen of the constitution of the state of New York. It\nshall constitute a body corporate and politic and consist of five\nmembers. It shall have the powers and duties now or hereafter conferred\nby this chapter upon municipal housing authorities. It shall be\norganized in the manner prescribed by and subject to the provisions of\nthis chapter, and the authority, its members, officers and employees and\nits operations and activities shall in all respects be governed by the\nprovisions of this chapter. Such authority shall have perpetual\nduration; provided, however, that if, at the expiration of three years\nsubsequent to the time this section as hereby added takes effect, there\nshall be outstanding no bonds or other obligations of such authority\ntheretofore issued for any of the purposes authorized in this chapter,\nthen its corporate existence shall thereupon terminate and such\nauthority shall thereupon be deemed to be and shall be dissolved.\n