New York Public Authorities Law Section 1020-R - Repayment of state appropriations.

*  1020-r. Repayment of state appropriations. All appropriations made
  by  the state to the authority shall be treated as advances by the state
  to the authority, and shall be repaid to it without interest either  out
  of  the  proceeds  of  bonds  issued  by  the  authority pursuant to the
  provisions of this title, or by the  delivery  of  non-interest  bearing
  bonds  of  the  authority  to  the  state  for  all  or any part of such
  advances, or out of excess revenues of the authority, at such times  and
  on  such  conditions  as  the state and the authority mutually may agree
  upon.
* NB There are 2  1020-r's

Last modified: February 3, 2019