N.Y. Public Authorities Law § 1045-l: Pledge effective without filing or recording

§ 1045-l. Pledge effective without filing or recording. Any provision

of the uniform commercial code to the contrary notwithstanding, any

pledge of or other security interest in revenues or other personal

property made or created by the authority, the water board or the city

pursuant to this title shall be valid, binding and perfected against all

parties having claims of any kind in tort, contract or otherwise against

the authority, the water board or the city, as the case may be,

irrespective of whether or not such parties have notice thereof. No

instrument by which such pledge or security interest is created nor any

financing statement need be recorded or filed.