N.Y. Public Housing Law § 74: Restrictions on additional subsidies

§ 74. Restrictions on additional subsidies. No subsidy, in addition

to any periodic subsidy originally contracted for in aid of any project

or projects, shall be paid by the state to a municipality or authority,

acting as an instrumentality thereof, for the purpose of enabling such

municipality or authority to remedy an actual default or avoid an

impending default in the payment of principal or interest on any loan

which has been theretofore made by the state to such municipality or

authority pursuant to this chapter.