N.Y. Private Housing Finance Law § 110

§ 110. Income debentures. With the approval of the supervising agency,\nthe certificate creating a redevelopment company, or an amended\ncertificate, may authorize the issuance of income debenture certificates\nbearing no greater interest than six per centum per annum. Such income\ndebenture certificates and any instrument under which they are issued\nmay contain such other provisions, including provision for amortization\nby serial maturities, through the operation of a sinking fund or\notherwise, as may be approved by the supervising agency.\n