New York Public Authorities Law Section 2828 - Termination of public authorities.

   2828.  Termination  of  public  authorities.  Every  authority  or
  commission hereafter created by this chapter shall terminate at the  end
  of five years from the date of its creation if at the end of such period
  it   has   outstanding  no  liabilities;  provided,  however,  that  any
  appropriation made to such authority or commission by the state  of  New
  York  or  by  any  political  subdivision  thereof shall not be deemed a
  liability for the purposes of this section.

Last modified: February 3, 2019