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2015 New York Laws
PBA - Public Authorities
Article 5 - PUBLIC UTILITY AUTHORITIES
Title 1-A - (1020 - 1020-KK) LONG ISLAND POWER AUTHORITY
1020-Z - Corporate existence.

NY Pub Auth L § 1020-Z (2015) What's This?
  1020-z.  Corporate  existence.  The  authority  and  its  corporate
  existence shall continue until terminated  by  law,  provided,  however,
  that  no  such law shall take effect so long as the authority shall have
  bonds, notes or other obligations outstanding, unless adequate provision
  has been made for the payment thereof.

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