N.Y. Local Finance Law § 34.00: Bond resolution may be subject to mandatory or permissive referendum; cities

§ 34.00 Bond resolution may be subject to mandatory or permissive

referendum; cities. a. Except as otherwise provided in paragraph b of

this section, neither the expenditure of money for an object or purpose

for which it is proposed to issue obligations nor a bond resolution or

capital note resolution shall be subject to a mandatory or a permissive

referendum in any city.

b. Any city may adopt, in the manner provided by law, a local law

requiring that all bond resolutions, or bond resolutions authorizing the

issuance of bonds for such purposes or amounts as may be specified in

such local law, shall be subject to a mandatory or a permissive

referendum after such resolutions have been adopted by the finance

board. Such a local law shall prescribe the qualifications of the voters

at and the procedure for such a mandatory or a permissive referendum and

shall not itself be subject to a permissive or mandatory referendum. The

provisions of this paragraph shall not apply to bond resolutions

authorizing the issuance of bonds for the payment of judgments, or

compromised or settled claims against such city, or awards or sums

payable by such city pursuant to a determination by a court, or an

officer, body or agency acting in an administrative or quasi-judicial

capacity, or to provide sewage disposal or treatment facilities required

by any order of the state commissioner of health or of the water

resources commission directing compliance with standards, determinations

or orders promulgated pursuant to article twelve of the public health

law to prevent pollution of the waters of the state.