N.Y. Public Authorities Law § 3670: Miscellaneous provisions

§ 3670. Miscellaneous provisions. 1. Notwithstanding anything to the

contrary in title six-A of article two of the local finance law, neither

the county nor any covered organization shall file any petition

authorized by such title six-A without the approval of the authority and

the state comptroller. No such petition shall be filed as long as any

bonds issued by the authority remain outstanding. Failure of the

authority or the state comptroller to notify the county or a covered

organization within thirty days (or such additional time, not exceeding

thirty days, as the authority or state comptroller shall have notified

the county or covered organization that it requires to complete its

review) after submission to it of a petition shall be deemed to

constitute authority or state comptroller approval thereof.

2. Nothing contained in this title shall limit the right of the county

or any covered organization to comply with the provisions of any

existing contract within or for the benefit of the holders of any bonds

or notes of the county or such covered organization.

3. Nothing contained in this title shall be construed to limit the

power of the county or a covered organization during any interim finance

period to determine, from time to time, within available funds for the

county or for such covered organization, the purposes for which

expenditures are to be made by the county or such covered organization

and the amounts of such expenditures, consistent with the aggregate

expenditures then permitted under the financial plan for the county or

such covered organization.

4. The authority's fiscal year shall be January first through December

thirty-first.

5. Nothing contained in this title shall alter or modify the right of

any town, city or village within the county regarding funding assistance

due from the county as authorized pursuant to section twelve hundred

sixty-two-e of the tax law.

6. The authority shall adopt guidelines for procurement contracts in

accordance with section twenty-eight hundred seventy-nine of this

chapter.