N.Y. Transp. Law § 477

* § 477. Consistency with federal tax law. All actions taken pursuant\nto this article shall be reviewed for consistency with provisions of the\nfederal internal revenue code and regulations thereunder, in accordance\nwith procedures established in connection with the issuance of any tax\nexempt bonds pursuant to this article, to preserve the tax exempt status\nof such bonds.\n * NB Not effective due to defeat of the Transportation Bond Act of\n2000\n