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.
Structure New York Laws
Article 7 - Parking Authorities
Title 22 - Village of Nyack Parking Authority
1622-C - Village of Nyack Parking Authority.
1622-D - Purpose and Powers of the Authority.
1622-E - Civil Service Status of Officers and Employees.
1622-G - Construction and Purchase Contracts.
1622-H - Moneys of the Authority.
1622-I - Bonds of the Authority.
1622-J - Notes of the Authority.
1622-K - Agreements of the Village and the State.
1622-L - State and Village Not Liable on Bonds.
1622-M - Bonds and Notes Legal Investments for Public Officers and Fiduciaries.
1622-O - Tax Contract by the State.
1622-P - Remedies of Bondholders.
1622-Q - Actions Against the Authority.
1622-R - Termination of the Authority.
1622-S - Title Not Affected if in Part Unconstitutional or Ineffective.