There is a newer version of the New York Consolidated Laws
2006 New York Code - Water Sinking Fund Of The City Of New York.
§ 272. Water sinking fund of the city of New York. There is hereby continued the fund known as the "water sinking fund of the city of New York" which shall have for its purpose the amortization and redemption of all corporate stock of the city of New York issued on and after the first day of January, eighteen hundred ninety-eight, to provide for the supply of water, excepting that issued since the first day of July nineteen hundred eighty-one which is redeemable from the general sinking fund or any other sinking fund established pursuant to chapter 11-A of this charter.
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