N.Y. Public Authorities Law § 1826: The project occupant

§ 1826. The project occupant. The project occupant must be found by

the authority to be financially responsible and presumptively able to

comply with the terms and conditions of any lease, mortgage or other

agreement made by it with the authority or a local development

corporation in respect of the project. In making this finding, the

authority shall consider all information reasonably available to it,

including information as to the business reputation of the project

occupant, the character and ability of its management, the adequacy of

its financial resources, the market demand for its products, the

adequacy of its distribution methods, its past earnings and the

likelihood that it can successfully meet any required payments under

such lease, mortgage or other agreement out of current income.