There is a newer version
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the New York Laws
2017 New York Laws
STF - State Finance
Article 16 - Water Pollution Control Linked Deposit Program Act
241 - Early Maturity.
Universal Citation: NY State Fin L § 241 (2017)
241. Early maturity. Unless otherwise agreed to by the corporation, the linked deposit shall automatically mature on the thirtieth calendar day after the occurrence of any event, monetary or non-monetary, which, whether declared by the lender or not, constitutes a default under any term or terms of the linked loan and such default remains uncured as of such thirty calendar days. Upon early repayment of a linked loan, the linked deposit shall automatically mature with payment due to the corporation on or before the last day of the month in which prepayment occurs.
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