N.Y. Public Authorities Law § 1009-a: Notes of the authority

§ 1009-a. Notes of the authority. The authority shall have the power

and is hereby authorized from time to time to issue its negotiable notes

in conformity with applicable provisions of the uniform commercial code

for any corporate purpose and renew from time to time any notes by the

issuance of new notes, whether the notes to be renewed have or have not

matured. The authority may issue notes partly to renew notes or to

discharge other obligations then outstanding and partly for any other

purpose. The notes may be authorized, sold, executed and delivered in

the same manner as bonds. Any resolution or resolutions authorizing

notes of the authority or any issue thereof may contain any provisions

which the authority is authorized to include in any resolution or

resolutions authorizing bonds of the authority or any issue thereof, and

the authority may include in any notes any terms, covenants or

conditions which it is authorized to include in any bonds. All notes

shall be general obligations of the authority payable out of any of its

moneys or revenues, subject only to any contractual rights of the

holders of any of its notes or other obligations then outstanding.