N.Y. Local Finance Law § 174.00: Previously authorized obligations not affected; redemption of outstanding obligations

§ 174.00 Previously authorized obligations not affected; redemption of

outstanding obligations. The repeal by this chapter of any act

authorizing the issuance of bonds, notes, certificates or other

evidences of indebtedness heretofore authorized, issued or sold shall

not be construed to impair the validity or legality of any such

obligations or to affect in any way, the rights and duties prescribed

therein. The provisions of law in force and effect prior to the

effective date of this chapter, relating to and providing for the means

for the payment, other than by refunding, of bonds, notes, certificates

or other evidences of indebtedness theretofore authorized, issued or

sold, and interest thereon, shall continue also to apply notwithstanding

anything contained in the table of repeals hereto annexed.