New York Laws
Title 18 - State of New York Municipal Bond Bank Agency Act
2435-A - Special Program Agreements.

(2) Any special program agreement entered into pursuant to subdivision
one of this section shall provide that the obligation of the special
program municipality executing such special program agreement to fund or
pay the amounts therein provided for shall not constitute a debt of such
special program municipality within the meaning of any constitutional or
statutory provision and shall be deemed executory only to the extent of
moneys available and that no liability shall be incurred by such special
program municipality beyond the moneys available for the purpose, and
that such obligation is subject to annual appropriation by the
appropriate legislative body of such special program municipality.

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