N.Y. City of Troy Issuance of Serial Bonds § 5: Except as hereinafter provided, all proceedings in connection with the authorization and issuance of such bonds and/or bond anticipation ...

§ 5. Except as hereinafter provided, all proceedings in connection

with the authorization and issuance of such bonds and/or bond

anticipation notes authorized to be issued pursuant to this act shall be

had and taken in accordance with the provisions of the local finance

law, except that any resolution or resolutions authorizing the issuance

of such serial bonds shall not be subject to either a permissive or

mandatory referendum and the provisions of section 107.00 of the local

finance law shall not apply to the issuance of such bonds or bond

anticipation notes.