N.Y. General Municipal Law § 414: Competing undertakings not authorized

§ 414. Competing undertakings not authorized. No municipality shall

have power under this article to construct any undertaking in

contravention of any act of the legislature of the state of New York

whereby the state of New York pledges to or agrees with the holders of

any bonds issued or to be issued pursuant to said act that the state

will not authorize the construction of an undertaking which will be

competitive with the project authorized by said act.