N.Y. Public Authorities Law Section 1285-N
Issuance and sale of recipient bonds and notes

Notwithstanding subdivision two of § 1080 (Bonds)section one thousand eighty of this article, or any by-law, rule or regulation requiring the recipient to issue bonds or notes at a public or competitive sale, any recipient of a financing from the corporation pursuant to section twelve hundred eighty-five-j, twelve hundred eighty-five-m or twelve hundred eighty-five-o of this title may validly issue its notes or bonds to the corporation, as evidence of its obligation to repay such financing.

Source: Section 1285-N – Issuance and sale of recipient bonds and notes, https://www.­nysenate.­gov/legislation/laws/PBA/1285-N (updated Sep. 22, 2014; accessed Nov. 14, 2026).

1280
Short title 1281
Definitions 1282
New York state environmental facilities corporation 1283
Purposes of the corporation 1284
General powers of the corporation 1285
Special powers of the corporation 1285–A
Construction, operation and maintenance of air pollution control facilities, water management facilities and storm water collecting systems 1285–B
Additional special powers of the corporation with respect to projects and persons 1285–C
Construction, operation and maintenance of industrial hazardous waste treatment, storage and disposal facilities 1285–D
Studies regarding design, construction and operation of industrial waste treatment, storage and disposal facilities 1285–E
Inactive hazardous waste disposal site remedial programs 1285–F
Program for ultimate disposal of hazardous wastes 1285–G
Industrial materials recycling program 1285–H
Inactive hazardous waste disposal site remedial programs 1285–I
Commercial and industrial waste audits 1285–J
Water pollution control revolving fund 1285–K
Financing of the design, acquisition, construction, improvement and installation of Riverbank Park 1285–L
State park infrastructure projects 1285–M
Drinking water revolving fund 1285–N
Issuance and sale of recipient bonds and notes 1285–O
Pipeline for jobs fund 1285–P
State environmental infrastructure projects 1285–Q
Financing of hazardous waste site remediation projects 1285–R
State beginning farmer program 1285–S
New York state intermunicipal water infrastructure grants program 1285–T
Water infrastructure emergency financial assistance 1285–U
Septic system replacement fund 1286
Acquisition and disposition of real property 1287
Construction contracts 1288
Co-operation and assistance of other agencies 1289
Transfer of officers and employees 1290
Notes and bonds of the corporation 1290–A
Insurance and guarantees 1291
Reserve funds and appropriations 1292
Agreement of the state 1293
Right of state to require redemption of bonds 1294
Remedies of noteholders and bondholders 1295
Notes and bonds as legal investment 1296
Exemption from taxation 1297
Actions against the corporation 1298
Title not affected if in part unconstitutional or ineffective
Green check means up to date. Up to date

Verified:
Nov. 14, 2026

Last modified:
Sep. 22, 2014

§ 1285-N. Issuance & sale of recipient bonds and notes's source at nysenate​.gov

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