New York Laws
Title 10-B - Niagara Falls Public Water Authority
1230-C - Niagara Falls Public Water Authority.

(b) The authority and its corporate existence shall continue until
terminated by law, provided, however, that no such law shall take effect
so long as the authority shall have bonds or other obligations
outstanding, unless adequate provision has been made for the payment or
satisfaction thereof, or so long as the water board shall have
contractual duties or obligations outstanding unless adequate provision
has been made for the satisfaction thereof. Upon termination of the
existence of the authority, all of the rights, obligations and
properties of the authority then remaining shall pass to and vest to the
city, with the city's consent, if the authority acquired such property
from the city, or to a municipality, with the municipality's consent, if
the authority acquired such property from such municipality, unless
otherwise provided in an agreement between the city or municipality and
the authority, and except as otherwise may be specified by law.
6. It is hereby determined and declared that the authority and the
carrying out of its powers and duties are in all respects for the
benefit of the people of the city and the service area and the state for
the improvement of their health, welfare and prosperity and that such
purposes are public purposes and that the authority is and will be
performing an essential governmental function in the exercise of the
powers conferred upon it by this title.

7. Nothing in this title shall be construed to obligate the state in
any way in connection with the operations or obligations of the
authority.