2006 New York Code - Liability of state for payment of obligations of public corporation issued to finance new industrial or manufacturing plants in depressed areas.

 
    §  8.  Notwithstanding  any  provision of this or any other article of
  this constitution, the legislature may by law, which shall  take  effect
  without  submission  to  the  people, make or authorize making the state
  liable for the payment of the principal of and interest on  bonds  of  a
  public  corporation  to  be  created  pursuant  to  and for the purposes
  specified in the last paragraph of section eight  of  article  seven  of
  this  constitution,  maturing  in not to exceed thirty years after their
  respective dates, and for the principal of and interest on notes of such
  corporation issued in anticipation of such bonds, which  notes  and  any
  renewals  thereof  shall  mature within seven years after the respective
  dates of such notes, provided that the  aggregate  principal  amount  of
  such  bonds with respect to which the state shall be so liable shall not
  at any one time exceed nine hundred  million  dollars,  excluding  bonds
  issued to refund outstanding bonds.