ยง 1048-l. Pledge effective without filing or recording. Any provision
of the uniform commercial code to the contrary notwithstanding, any
pledge of or other security interest in revenues or other personal
property made or created by the authority, the water board or the city
pursuant to this title shall be valid, binding and perfected against all
parties having claims of any kind in tort, contract or otherwise against
the authority, the water board or the city, as the case may be,
irrespective of whether or not such parties have notice thereof. No
instrument by which such pledge or security interest is created nor any
financing statement need be recorded or filed.
Structure New York Laws
Article 5 - Public Utility Authorities
Title 2-B - Buffalo Municipal Water Finance Authority
1048-C - Buffalo Municipal Water Finance Authority.
1048-D - General Powers of the Authority.
1048-E - Approval of Water Projects.
1048-G - General Powers of the Water Board.
1048-H - Transfer of Water Systems by the City to the Water Board.
1048-J - Imposition and Disposition of Water Fees, Rates, Rents or Charges.
1048-K - Tax Exemption of the Water Board Property and Activities.
1048-L - Pledge Effective Without Filing or Recording.
1048-M - Governmental Capacity of the Authority, the Water Board and the City.
1048-N - Transfer of Officers and Employees to and From City and State Agencies.
1048-O - Bonds of the Authority.
1048-P - Remedies of Bondholders.
1048-Q - State, City and Water Board Not Liable on Authority Bonds.
1048-R - Moneys of the Authority.
1048-S - Bonds Legal Investment for Fiduciaries.
1048-T - Agreement With the State.
1048-U - Exemption From Taxes, Assessments and Certain Fees; Payments in Lieu of Taxes.
1048-V - Actions Against Authority and Water Board.
1048-W - Interest in Contracts Prohibited.
1048-X - Authority, Water Board and City to Take Affirmative Action.
1048-Y - Audit and Annual Report.