N.Y. General Municipal Law § 403: Additional powers of municipality

§ 403. Additional powers of municipality. In addition to the powers

which it may now have, any municipality shall have power under this

article; (a) to acquire by gift, purchase, or the exercise of the right

of eminent domain, to construct, reconstruct, improve, better or extend

any undertaking, within or without the municipality, or partially within

or partially without the municipality, and to acquire by gift, purchase,

or the exercise of the right of eminent domain, lands or rights in lands

or water rights in connection therewith, (b) to operate and maintain any

undertaking within or without the territorial boundaries of the

municipality, (c) to prescribe and collect rates, fees, tolls, charges

for the services, facilities and commodities furnished by such

undertaking and (d) to pledge to the punctual payment of any bonds

issued to carry out any of the purposes of this article and interest on

such bonds an amount of revenues of such undertaking (including

improvements, betterments, or extensions thereto, thereafter constructed

or acquired) or of any part of such undertaking, sufficient to pay said

bonds and interest as the same shall become due and to create and

maintain reasonable reserves therefor. Such amount may consist of all or

any part or portion of such revenues.