New York Laws
Title 22 - Village of Nyack Parking Authority
1622-R - Termination of the Authority.

ยง 1622-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 sixteen hundred
twenty-two-c of this title shall have been reached, the authority shall
cease to exist and all rights, titles and interests and all obligations
and liabilities thereof vested in or possessed by the authority shall
thereupon vest in and be possessed by the village of Nyack.