N.Y. Public Housing Law § 154: Control of rentals on authority projects

§ 154. Control of rentals on authority projects. Subject to the terms

of any loan or subsidy contract with a government, the power to fix

rents on a project shall rest exclusively with the authority. But

nothing in this chapter shall prevent an authority or municipality from

establishing, in addition to all other operation and depreciation

reserve funds, a reserve fund, or funds which may be applied in aid of

the construction, operation or maintenance of other projects of such

authority or municipality.