N.Y. Cooperative Corporations Law § 16: By-laws

§ 16. By-laws. The by-laws may provide for their amendment by the

board of directors; but any amendment adopted by the board shall be

reported to the annual meeting of the corporation and, if not

affirmatively approved thereat, shall cease to be in effect. By-laws may

be adopted, repealed or amended on the affirmative vote of two-thirds of

the members, stockholders or delegates voting thereon at a meeting held

after due written notice setting forth the proposed action and the

purpose of the meeting.