2015 New York Laws
PBA - Public Authorities
Article 5 - PUBLIC UTILITY AUTHORITIES
Title 9 - (1200 - 1221) NEW YORK CITY TRANSIT AUTHORITY
1207-C - Required redemption of bonds.

  1207-c.  Required  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 bonds, either the state of
  New  York  or  the  city may, upon furnishing sufficient funds therefor,
  require the authority to redeem as a whole any issue of the bonds at the
  time or times and at the place or places  and  in  accordance  with  the
  terms upon which such bonds are redeemable.