N.Y. Yonkers financial emergency act 103/84 § 4: General rights and prohibitions

§ 4. General rights and prohibitions. 1. Neither the city nor any

covered organization shall borrow or expend any moneys, or in any way,

directly or indirectly, expressly or implicitly engage its credit during

the emergency period except in compliance with the provisions of this

act and the special fiscal act.

2. Nothing contained in this act shall limit the right of the city or

any covered organization to comply with the provisions of any existing

contract with or for the benefit of the holders of any bonds or notes of

the city or such covered organization or with the provisions of the

special fiscal act.

3. Nothing contained in this act shall be construed to impair the

right of employees to organize or to bargain collectively.