N.Y. Public Authorities Law § 1441: Termination of the authority and disposition of properties

§ 1441. Termination of the authority and disposition of properties.

The authority and its corporate existence shall continue only to the

thirtieth day of June, two thousand four, and thereafter until all its

liabilities have been met and its bonds have been paid in full or such

liabilities or bonds have otherwise been discharged. Upon its ceasing to

exist, all its rights and properties shall pass to the city.