N.Y. Transportation Law § 56: Negotiability of bonds

§ 56. Negotiability of bonds. Whether or not any bonds, interim

certificates or other obligations of the Utica transit authority issued

pursuant to this article are of such form and character as to be

negotiable instruments under article eight of the uniform commercial

code, such bonds, interim certificates or other obligations shall be and

are hereby made negotiable instruments within the meaning of and for all

the purposes of article eight of the uniform commercial code, unless

such bonds, interim certificates or other obligations expressly provide

otherwise.