N.Y. Public Authorities Law § 1013: Repayment of state appropriations

§ 1013. Repayment of state appropriations. All appropriations made by

the state to the authority shall be treated as advances by the state to

the authority, and shall be repaid to it without interest either out of

the proceeds of securities, or other obligations issued by the authority

for the construction of any project pursuant to the provisions of this

title, or by the delivery of non-interest bearing obligations of the

authority to the state for all or any part of such advances, or out of

excess revenues from such project subject however to any pledges of such

revenues made pursuant to any resolution or resolutions of the authority

authorizing the issuance of obligations of the authority issued prior to

nineteen hundred and sixty.