Corporate existence

N.Y. Public Authorities Law § 1020-Z, under Long Island Power Authority.

N.Y. Public Authorities Law § 1020-Z

§ 1020-z. Corporate existence. The authority and its corporate existence shall continue until terminated by law, provided, however, that no such law shall take effect so long as the authority shall have bonds, notes or other obligations outstanding, unless adequate provision has been made for the payment thereof.