N.Y. Private Housing Finance Law § 924

§ 924. Transfer of authority, administration and appropriations. 1. On\nand after the effective date of this article, all obligations of the\ndivision with respect to the division urban initiatives program shall\nbecome the obligations of the corporation and the corporation shall be\nresponsible for the administration of the division urban initiatives\nprogram. The division shall provide for the orderly transfer of all\nmatters, records and things relating to such program to the corporation.\n 2. Notwithstanding the provisions of any general or special law, the\ndirector of the budget is authorized to transfer to the corporation\nfunds otherwise appropriated or reappropriated for the purposes of the\ndivision urban initiatives program from the division of housing and\ncommunity renewal.\n 3. All rules, regulations, acts, determinations and decisions of the\ndivision or the commissioner with respect to the administration of the\ndivision urban initiatives program in force on the effective date of\nthis section shall continue in force and effect as rules, regulations,\nacts, determinations and decisions of the corporation until duly\nmodified or rescinded by the corporation.\n