N.Y. Public Authorities Law § 1596-q: Termination of the authority

§ 1596-q. Termination of the authority. Whenever all of the bonds

issued by the authority shall have been redeemed or canceled, and all

its liabilities met or discharged, and the termination date of its

corporate existence as set forth in section fifteen hundred ninety-six-c

of this title shall have been reached, the authority shall cease to

exist and all rights, titles and interests and all obligations and

liabilities thereof vested in or possessed by the authority shall

thereupon vest in and be possessed by the city of Yonkers.