N.Y. Gen. Mun. Law § 862-a

§ 862-a. Additional restrictions on funds of the agency in connection\nwith continuing care retirement communities. No resolution authorizing\nthe issuance of bonds, notes or other obligations of the agency, or for\nproviding financial assistance in any respect, for any continuing care\nretirement community project shall be adopted unless and until the\nproject has received a certificate of authorization pursuant to section\nforty-six hundred four-a of the public health law, and unless the\nproject will serve the public purposes of this article by preserving\npermanent, private sector jobs or increasing the overall number of\npermanent, private sector jobs in the state.\n