N.Y. Const. art. XVII, § 7: Loan of public funds for hospital facilities

§ 7. Notwithstanding any other provision of this constitution, the

legislature may authorize the state, a municipality or a public

corporation acting as an instrumentality of the state or municipality to

lend its money or credit to or in aid of any corporation or association,

regulated by law as to its charges, profits, dividends, and disposition

of its property or franchises, for the purpose of providing such

hospital or other facilities for the prevention, diagnosis or treatment

of human disease, pain, injury, disability, deformity or physical

condition, and for facilities incidental or appurtenant thereto as may

be prescribed by law.