New York Laws
Article 5-A - Certificates of Participation
66-L - Certificates of Participation Executed and Delivered by the State of New York Bond Bank Agency on Behalf of a Political Subdivision.

ยง 66-l. Certificates of participation executed and delivered by the
state of New York bond bank agency on behalf of a political subdivision.
The provisions of this article shall not apply to certificates of
participation executed and delivered by the state of New York bond bank
agency on behalf of a political subdivision as provided for in section
one hundred nine-b of the general municipal law and section twenty-four
hundred thirty-five-a of the public authorities law.