ยง  1621-r. Termination of the authority. Whenever all of the bonds and
  notes issued by the authority shall have been redeemed or cancelled, and
  all its liabilities and duties met or discharged,  and  the  termination
  date of its corporate existence as set forth in section one thousand six
  hundred  twenty-one-c  of  this  title  shall  have  been  reached,  the
  authority shall cease to exist and all rights, title and  interests  and
  all  obligations  and  liabilities thereof vested in or possessed by the
  authority shall thereupon vest in  and  be  possessed  by  the  city  of
  Middletown.
Structure New York Laws
Article 7 - Parking Authorities
Title 21 - Middletown Parking Authority
1621-C - Middletown Parking Authority.
1621-D - Purpose and Powers of the Authority.
1621-E - Civil Service Status of Officers and Employees.
1621-G - Construction and Purchase Contracts.
1621-H - Moneys of the Authority.
1621-I - Bonds of the Authority.
1621-J - Notes of the Authority.
1621-K - Agreements of the City and the State.
1621-L - State and City Not Liable on Bonds.
1621-M - Bonds and Notes Legal Investments for Public Officers and Fiduciaries.
1621-O - Tax Contract by the State.
1621-P - Remedies of Bondholders.
1621-Q - Actions Against the Authority.
1621-R - Termination of the Authority.
1621-S - Title Not Affected if in Part Unconstitutional or Ineffective.