2019 New York Laws
GMU - General Municipal
Article 6 - Public Health and Safety
120-C - Obligations and Privileges Relating to Sewerage Contracts.

§  120-c.  Obligations  and privileges relating to sewerage contracts.
  Such sewer system, extension or part thereof shall, when accepted  under
  such  contract,  and  such works, plants or stations, may if so provided
  therein, pass into the use, possession, management and control  of  such
  municipality  or  municipalities,  and  it  or  they  shall,  by  proper
  provision in the said contract, subject such contract to  its  or  their
  right at any time to terminate all its or their liability under the same
  for  such  rental by paying for such system, extension or part thereof a
  price  named  therein  or  to  be  determined  in  accordance  with  the
  provisions  thereof,  and  it  or  they  map by proper provision in such
  contract, covenant to terminate its or their liability in such manner at
  a time or within a period named therein, but the sum  or  rental  to  be
  paid  for  such  use  and possession or the price which must be paid for
  such system, extension  or  part  thereof  in  order  to  terminate  the
  liability  of  such  municipality or municipalities under such contract,
  shall not be fixed by said contract beyond a  period  of  thirty  years,
  after  which  and  at  any  time  thereafter,  if  such  municipality or
  municipalities shall not have terminated its or  their  liability  under
  said  contract,  the  sum or rental to be paid for the continued use and
  possession of such system, extension or part thereof  or  the  price  at
  which  the  same  must be paid for in order to terminate such liability,
  which sum or rental and which price shall be based on the value of  such
  system,  extension  or  part thereof at any such time, shall be fixed by
  agreement, or in the absence of agreement by application to a  competent
  court  and  under  its  order, but each such agreement or order shall be
  limited to a period not exceeding ten years.  And such local authorities
  may also at any time contract for the maintenance and operation  of  any
  such system, extension or part thereof, including any such works, plants
  or stations or of any sewerage or sewage disposal system or part thereof
  owned or used by any such municipality or municipalities.