N.Y. Local Finance Law § 174.00

§ 174.00 Previously authorized obligations not affected; redemption of\noutstanding obligations. The repeal by this chapter of any act\nauthorizing the issuance of bonds, notes, certificates or other\nevidences of indebtedness heretofore authorized, issued or sold shall\nnot be construed to impair the validity or legality of any such\nobligations or to affect in any way, the rights and duties prescribed\ntherein. The provisions of law in force and effect prior to the\neffective date of this chapter, relating to and providing for the means\nfor the payment, other than by refunding, of bonds, notes, certificates\nor other evidences of indebtedness theretofore authorized, issued or\nsold, and interest thereon, shall continue also to apply notwithstanding\nanything contained in the table of repeals hereto annexed.\n