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2016 New York Laws
TRA - Transportation
Article 2-D - (Transportation) UTICA TRANSIT AUTHORITY
58 - Repurchase of bonds.

NY Transp L § 58 (2016) What's This?
 58. Repurchase  of  bonds.  The  Utica  transit authority shall have
  power to purchase any bonds issued by it for the purpose  of  retirement
  or  investment.    The  Utica  transit authority shall not purchase such
  bonds at a price in excess of the face value thereof plus a  premium  of
  four  per  cent. All bonds purchased for the purpose of retirement shall
  be cancelled.

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