New York Laws
Title 9 - Interest Rates on Public Authority Bonds and Notes
2960 - Interest Rates.

ยง 2960. Interest rates. Notwithstanding any other provisions of this
chapter or the provisions of any other general, special or local law,
any public authority may agree or contract to pay interest on its
certificates, notes or bonds, including those now outstanding, at such
rate or rates, without limit, as may be necessary for an authority to
sell such notes or bonds.