N.Y. Local Finance Law Section 15.40
Additional limitations

a.

Indebtedness shall not be contracted or incurred pursuant to this title for any object or purpose which is intended to effectuate any of the purposes of article eighteen of the state constitution as implemented by the public housing law or any other law including this chapter.

b.

The following provisions of this chapter shall not be applicable in relation to indebtedness contracted or incurred in relation to a joint service or a joint water, sewage or drainage project: Paragraph c of section 20.00, and sections 28.10, 90.00 and 92.00.

Source: Section 15.40 — Additional limitations, https://www.­nysenate.­gov/legislation/laws/LFN/15.­40 (updated Sep. 22, 2014; accessed Jan. 10, 2026).

Green check means up to date. Up to date

Verified:
Jan. 10, 2026

Last modified:
Sep. 22, 2014

§ 15.40. Additional limitations's source at nysenate​.gov

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