New York Laws
Article 11 - Water
11-1100 - Contracts for Water Supply.

ยง 11-1100 Contracts for water supply. The board of water commissioners
may contract, in the name of the village, with an individual or
corporation for supplying water to the village for extinguishing fires
or for other public purposes; but such contracts shall not be made for a
longer period than forty years. The amount of such contract shall be
paid in installments in accordance with the resolution of the board
authorizing same.