1441 - Termination of the authority and disposition of properties. - New York Statutes

§ 1441. Termination of the authority and disposition of properties. The authority and its corporate existence shall continue only to the thirtieth day of June, two thousand four, and thereafter until all its liabilities have been met and its bonds have been paid in full or such liabilities or bonds have otherwise been discharged. Upon its ceasing to exist, all its rights and properties shall pass to the city.