N.Y. Public Authorities Law § 3859: Advisory period

§ 3859. Advisory period. 1. During any advisory period the authority

shall:

(a) obtain from the city, the covered organizations and the state

comptroller, all information, financial statements and projections,

budgetary data and information, and management reports and materials as

the authority deems necessary or desirable to accomplish the purposes of

this title; and inspect, copy and audit such books and records of the

city and the covered organizations as the authority deems necessary or

desirable to accomplish the purposes of this title;

(b) review the operation, management, efficiency and productivity of

city operations and of any covered organization's operations as the

authority may determine, and make reports and recommendations thereon;

examine the potential to enhance the revenue of the city or any covered

organization; audit compliance with the financial plan in such areas as

the authority may determine; recommend to the city and the covered

organizations such measures relating to their operations, management,

efficiency and productivity as the authority deems appropriate to reduce

costs, enhance revenue and improve services so as to advance the

purposes of this title;

(c) comment on the provisions of the budget, the financial plan and

the financial plan modifications of the city as the authority deems

necessary or appropriate;

(d) review and comment on the terms of any proposed borrowing,

including the prudence of each proposed issuance of bonds or notes to be

issued by the city; and

(e) assess the impact of any collective bargaining agreement to be

entered into by the city and such contracts, that, in the judgment of

the authority, may have a significant impact on the city's long-term

fiscal condition.

2. During any advisory period, the city shall promptly provide all

information requested by the authority, review the comments,

assessments, reports and recommendations of the authority and publicly

respond thereto, addressing such matters as have been raised by the

authority.