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2016 New York Laws
LFN - Local Finance
Article 2 - LOCAL INDEBTEDNESS
Title 11 - (150.00 - 154.00) POWER TO CONTRACT INDEBTEDNESS FOR HOUSING PURPOSES AND LIMITATIONS THEREON
153.00 - Authorization for municipality to assign for collateral or pledge its mortgage interest.

NY Loc Fin L § 153.00 (2016) What's This?
  153.00  Authorization  for municipality to assign for collateral or
  pledge its mortgage interest.  Any municipality shall be  authorized  to
  assign  for collateral or pledge as security for any of its bonds, notes
  or other obligations its mortgage  interest  in  a  project  constructed
  pursuant  to article two of the private housing finance law to the state
  or to any political subdivision thereof.

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