N.Y. Const. art. X, § 8: Liability of state for payment of obligations of public corporation issued to finance new industrial or manufacturing plants in depressed areas

§ 8. Notwithstanding any provision of this or any other article of

this constitution, the legislature may by law, which shall take effect

without submission to the people, make or authorize making the state

liable for the payment of the principal of and interest on bonds of a

public corporation to be created pursuant to and for the purposes

specified in the last paragraph of section eight of article seven of

this constitution, maturing in not to exceed thirty years after their

respective dates, and for the principal of and interest on notes of such

corporation issued in anticipation of such bonds, which notes and any

renewals thereof shall mature within seven years after the respective

dates of such notes, provided that the aggregate principal amount of

such bonds with respect to which the state shall be so liable shall not

at any one time exceed nine hundred million dollars, excluding bonds

issued to refund outstanding bonds.