N.Y. Public Housing Law § 92: Real estate tax for debt service

§ 92. Real estate tax for debt service. If a city issues its

obligations for any project or to raise funds to loan in aid of a

project, such city may levy an ad valorem tax on real estate to the

extent that revenues derived in any year from taxes levied pursuant to

this chapter, together with revenues from the project or projects aided

by the proceeds of any such obligations shall become insufficient to

provide fully for the payment of principal and interest in that year

upon obligations issued for either or both purposes.