New York Local Finance Law
Procedures Relating to the Ascertainment of Amounts to Be Included or Excluded In Ascertaining Debt-contracting Power
New York · New York Local Finance Law · Status: effective · Effective 2025-11-28
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- New York Local Finance Law, Procedures Relating to the Ascertainment of Amounts to Be Included or Excluded In Ascertaining Debt-contracting Power, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1114779
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TITLE 9. PROCEDURES RELATING TO THE ASCERTAINMENT
OF AMOUNTS TO BE INCLUDED OR EXCLUDED IN
ASCERTAINING DEBT-CONTRACTING POWER
Section 120.00 Indebtedness of certain district corporations; amount
thereof included as indebtedness of municipalities.
121.00 Indebtedness of school districts merged with or annexed
to a school district in a city; amount thereof to be
included as indebtedness of such school district.
121.10 Indebtedness of school districts merged with or annexed
to a school district outside of a city.
121.20 Exclusion of certain indebtedness of school districts
other than school districts in a city with one hundred
twenty-five thousand inhabitants or more according to
the latest federal census in ascertaining their power
to contract indebtedness.
121.30 Exclusion of certain indebtedness of school districts
other than school districts in a city with one hundred
twenty-five thousand inhabitants or more according to
the latest federal census.
122.00 Pay-as-you-go financing by the city of New York;
ascertainment of indebtedness arising therefrom.
123.00 Exclusion of self-liquidating indebtedness in
ascertaining the power of a municipality to contract
indebtedness.
124.00 Bonds for pensions; ascertainment of amount thereof to be
excluded.
124.10 Exclusion of certain indebtedness for sewage facilities
in ascertaining the power of a municipality to contract
indebtedness.
125.00 Exclusion of indebtedness for self-liquidating dock and
transit facilities; New York City.
126.00 Exclusion of certain indebtedness for school purposes;
New York City.