2006 New York Code - Right Of State To Require Redemption Of Bonds.

 
    §   1299-nn.   Right   of   state  to  require  redemption  of  bonds.
  Notwithstanding and in addition to any provisions for the redemption  of
  bonds  which  may  be  contained in any contract with the holders of the
  bonds, the state may, upon furnishing sufficient funds therefor, require
  the authority to redeem, prior to maturity, as a  whole,  any  issue  of
  bonds  on any interest payment date not less than twenty years after the
  date of the bonds of such issue at one hundred five per centum of  their
  face value and accrued interest or at such lower redemption price as may
  be provided in the bonds in case of the redemption thereof as a whole on
  the  redemption date. Notice of such redemption shall be published in at
  least two newspapers published and circulating in the city of  Rochester
  at  least twice, the first publication to be at least thirty days before
  the date of redemption.