N.Y. Local Finance Law § 103.00: Limitation on the power of cities and villages to authorize certain obligations

§ 103.00 Limitation on the power of cities and villages to authorize

certain obligations. a. If in any city or village, prior to the

effective date of this chapter, a water board, public utility board or

other agency, (other than the council, common council, board of

aldermen, board of estimate, board of estimate and apportionment, board

of estimate and contract, board of trustees of a village, board of

education or board of trustees of a school district, or governing board

of a public authority or district) had the power to authorize the

issuance of obligations or to request the finance board or similar

appropriate agency of the city or village to issue obligations for an

object or purpose, the finance board of such city or village may

thereafter authorize the issuance of obligations for such an object or

purpose only upon the recommendation of such agency.