ยง  1045-h.  Transfer  of  sewerage or water systems by the city to the
  water board. 1. The city may, acting either by the  mayor  alone  or  by
  resolution of the board of estimate of the city, enter into an agreement
  with the water board for the transfer to the water board, for use in the
  exercise  of  its  corporate powers and purposes, the sewerage system or
  water system, or both, of the city as the same then shall  be  owned  by
  the  city.  Any  such agreement may provide for the transfer of title of
  such system or systems by deed, lease or other arrangement to the  water
  board.  To  the  extent  not  inconsistent  with  this  title,  any such
  agreement may impose such limitations or conditions  as  may  be  agreed
  upon  by  and between the city and water board with respect to the power
  of the water board to sell or otherwise dispose of any property acquired
  by the board  pursuant  to  such  agreement,  and  may  provide  for  or
  authorize  the  water board to surrender to the city, property no longer
  required by the water board for its public purposes. Notwithstanding the
  provisions of any general, special  or  local  law  or  charter  to  the
  contrary,  any  action  taken  by  the city pursuant to this subdivision
  shall not be subject to a permissive or mandatory referendum.
2. Any such agreement shall set forth  the  liabilities  of  the  city
  which  it  is contemplated are to be paid by the water board from moneys
  available to it; provided, however, that such agreement does not require
  the water board to assume the liabilities of the city; provided further,
  notwithstanding the foregoing, the city shall continue to be the  record
  owner  for real estate tax purposes of any facilities located outside of
  its municipal boundaries.
3. Any such agreement may provide for the payment by the city  to  the
  water  board  from  any  funds  of  the  city,  of such amount as may be
  determined appropriate for use by the water board.
4. The city and the water board are hereby authorized and empowered to
  make or enter into any contracts, agreements, deeds, leases, conveyances
  or other instruments as may be necessary or  appropriate  to  effectuate
  the  purposes  of this title, and they shall have power and authority to
  do so and to authorize the doing of all things incidental, desirable  or
  necessary to implement the provisions of this title.
5.  Notwithstanding  the  foregoing  provisions  of  this  section, no
  agreement contemplated by this section shall become  effective  for  any
  purpose unless and until the same shall have been approved in writing by
  resolution of the authority.
6.  Upon  the filing by the water board with the clerk of the city and
  the secretary of state  of  a  copy  of  the  instruments  or  documents
  effectuating  the  transfer  authorized by this section, the water board
  shall take possession of the sewerage system or water system,  or  both,
  of the city thereby transferred.
7.  Any  application  filed  or  proceeding  heretofore  commenced  in
  relation to the sewerage system or water system, or both, transferred to
  the water board pending with  the  state  departments  of  environmental
  conservation  or  health  or  any  other state agency or with the United
  States environmental protection agency or any other  federal  agency  or
  instrumentality  shall  inure  to and for the benefit of the water board
  and be binding upon the water board to the same extent and in  the  same
  manner  as  if  the  water board had been a party to such application or
  proceeding from its inception, and the water board  shall  be  deemed  a
  party  thereto  to  the  extent  not  prohibited by any federal law. Any
  license, approval, permit or decision heretofore or hereafter issued  or
  granted pursuant to or as a result of any such application or proceeding
  shall  inure  to  the benefit of and be binding upon the water board and
  shall be assigned and transferred by the city to the water board  unless
  such assignment and transfer is prohibited by federal law.
8.  The  rules  and regulations of the water board may provide for the
  discontinuance or disconnection of the supply of water or the  provision
  of  sewerage  service,  or  both,  as  the  case may be, by the city for
  non-payment of fees, rates, rents or other charges therefor  imposed  by
  the  water  board,  provided such discontinuance or disconnection of any
  supply of water or the provision of sewerage service, or  both,  as  the
  case  may be, shall not be carried out except in the manner and upon the
  notice  as  is  required  of  a  waterworks  corporation   pursuant   to
  subdivisions  three-a,  three-b and three-c of section eighty-nine-b and
  section one hundred sixteen of the public service law.  A  copy  of  all
  by-laws, rules and regulations and amendments thereto, duly certified by
  the  secretary  of the water board, shall be filed in the offices of the
  clerk of the city and the secretary of state  within  three  months  and
  thereafter  published  once  in  the  official  newspaper  of  the city.
  Violation of such rules and  regulations  shall  subject  the  offending
  party  to  a  civil penalty in an action brought by the water board, not
  exceeding one hundred dollars for  each  day  the  violation  continues.
  Jurisdiction  is  hereby  conferred upon the civil court of the city and
  the environmental control board of  the  city  to  hear  and  determine,
  subject  to  the  provisions  of  the  civil practice law and rules, any
  violation of such rules and regulations.
Structure New York Laws
Article 5 - Public Utility Authorities
Title 2-A - New York City Municipal Water Finance Authority
1045-C - New York City Municipal Water Finance Authority.
1045-D - General Powers of the Authority.
1045-E - Approval of Water Projects.
1045-G - General Powers of the Water Board.
1045-H - Transfer of Sewerage or Water Systems by the City to the Water Board.
1045-J - Imposition and Disposition of Sewer and Water Fees, Rates, Rents or Charges.
1045-K - Tax Exemption of the Water Board Property and Activities.
1045-L - Pledge Effective Without Filing or Recording.
1045-M - Governmental Capacity of the Authority, the Water Board and the City.
1045-O - Bonds of the Authority.
1045-P - Remedies of Bondholders.
1045-Q - State, City and Water Board Not Liable on Authority Bonds.
1045-R - Moneys of the Authority.
1045-S - Bonds Legal Investment for Fiduciaries.
1045-T - Agreement With the State.
1045-U - Exemption From Taxes, Assessments and Certain Fees; Payments in Lieu of Taxes.
1045-V - Actions Against Authority and Water Board.
1045-W - Interest in Contracts Prohibited.
1045-X - Authority, Water Board and City to Take Affirmative Action.
1045-Y - Audit and Annual Report.