{"data":{"id":"us-nyc/n.y.c.-admin.-code-5-203","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 5-203","heading":"§ 5-203 Funds and revenues pledged to redemption of city debt.","body":"Between the city and the holders of its corporate stock redeemable from the several sinking funds of the city established prior to July first, nineteen hundred eighty-one there is hereby declared to be a contract that the funds and revenues of the city, raised pursuant to section two hundred seventy-six of the charter and the rapid transit law as amended shall be applied to such sinking funds until all of such debt redeemable therefrom is fully redeemed and paid.","path":["New York City Administrative Code","Title 5","Chapter 2: Sinking Funds"],"source_url":"https://files.amlegal.com/pdffiles/NewYorkCity/Admin/XML.zip","current_through":"Local Law 2026/135 (enacted August 31, 2026)","vintage":"","retrieved_at":"2026-09-06T02:48:57Z","sha256":"1b45cdce8cfd27231333f3df535398dd484bbdb38b9715cfc6106debb5c99713","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-5-202","next":"us-nyc/n.y.c.-admin.-code-5-204"},"notice":"GroundRules: Original legal text. Not legal advice."}