New York Local Finance Law

Every section of the New York Local Finance Law, in order — 164 sections. Source: NY Senate Open Legislation, current through November 4, 2026.

• N.Y. Local Fin. Law § 1.00 — Short title
• N.Y. Local Fin. Law § 2.00 — Definitions
• N.Y. Local Fin. Law § 10.00 — Power of municipalities, school districts and district corporations to contract indebtedness
• N.Y. Local Fin. Law § 10.10 — Municipalities and school districts authorized to incur debt to liquidate operating deficits; requirements and procedures; period of prob...
• N.Y. Local Fin. Law § 11.00 — Periods of probable usefulness
• N.Y. Local Fin. Law § 15.00 — Indebtedness relative to municipal cooperative activities
• N.Y. Local Fin. Law § 15.10 — Allocation of indebtedness
• N.Y. Local Fin. Law § 15.20 — Limitations on amount of local indebtedness; exclusions of certain indebtedness
• N.Y. Local Fin. Law § 15.30 — Debt statements
• N.Y. Local Fin. Law § 15.40 — Additional limitations
• N.Y. Local Fin. Law § 20.00 — Types of obligations which may be issued
• N.Y. Local Fin. Law § 21.00 — Serial bonds
• N.Y. Local Fin. Law § 22.00 — Sinking fund bonds of the city of New York
• N.Y. Local Fin. Law § 22.10 — Sinking fund bonds of municipalities and school districts
• N.Y. Local Fin. Law § 23.00 — Bond anticipation notes
• N.Y. Local Fin. Law § 24.00 — Tax anticipation notes
• N.Y. Local Fin. Law § 24.10 — Tax receivable notes
• N.Y. Local Fin. Law § 24.11 — Tax receivable notes for the city of Yonkers
• N.Y. Local Fin. Law § 25.00 — Revenue anticipation notes
• N.Y. Local Fin. Law § 25.10 — Urban renewal notes
• N.Y. Local Fin. Law § 26.00 — Temporary alternative methods of financing snow and ice removal expenses
• N.Y. Local Fin. Law § 26.10 — Temporary alternative methods of financing storm relief expenses
• N.Y. Local Fin. Law § 28.00 — Capital notes
• N.Y. Local Fin. Law § 29.00 — Budget notes
• N.Y. Local Fin. Law § 29.10 — Issuance of land installment purchase obligations
• N.Y. Local Fin. Law § 29.20 — Deficiency notes
• N.Y. Local Fin. Law § 30.00 — Agency authorizing issuance of obligations
• N.Y. Local Fin. Law § 31.00 — Bond resolution and capital note resolution
• N.Y. Local Fin. Law § 32.00 — Bond resolution and capital note resolution; form and contents
• N.Y. Local Fin. Law § 33.00 — Bond resolution and capital note resolution; procedure for enactment thereof
• N.Y. Local Fin. Law § 33.10 — Mandatory or permissive referenda in counties
• N.Y. Local Fin. Law § 34.00 — Bond resolution may be subject to mandatory or permissive referendum; cities
• N.Y. Local Fin. Law § 35.00 — Bond resolution subject to referendum; towns
• N.Y. Local Fin. Law § 36.00 — Bond resolution subject to permissive referendum; villages
• N.Y. Local Fin. Law § 37.00 — Referenda on bond resolutions or capital note resolutions; school districts
• N.Y. Local Fin. Law § 38.00 — Referenda on bond resolutions or capital note resolutions; fire districts and other district corporations
• N.Y. Local Fin. Law § 38.10 — Bond anticipation note resolution; form and contents
• N.Y. Local Fin. Law § 39.00 — Tax anticipation note resolution, revenue anticipation note resolution and urban renewal note resolution; form and contents
• N.Y. Local Fin. Law § 40.00 — Budget note resolution; form and contents; authorization thereof
• N.Y. Local Fin. Law § 40.10 — Deficiency note resolution; form and contents; authorization thereof
• N.Y. Local Fin. Law § 41.00 — Repeal of unexpended authorizations
• N.Y. Local Fin. Law § 41.10 — Contents of notice of meeting or election where special tax or tax to be collected in installments is to be voted
• N.Y. Local Fin. Law § 50.00 — Agency prescribing terms, form and contents of obligations
• N.Y. Local Fin. Law § 51.00 — Terms, form and contents of obligations
• N.Y. Local Fin. Law § 52.00 — Recital of validity in obligations
• N.Y. Local Fin. Law § 53.00 — Obligations redeemable prior to maturity
• N.Y. Local Fin. Law § 54.10 — Bonds and notes of the city of New York; certain provisions
• N.Y. Local Fin. Law § 54.20 — Funding of capital expenditures duly appropriated in the capital budget for the city of New York
• N.Y. Local Fin. Law § 54.30 — Costs of sales; bonds and notes of the city of Buffalo
• N.Y. Local Fin. Law § 54.40 — Bonds and notes of the city of Yonkers
• N.Y. Local Fin. Law § 54.50 — Costs of sales; county of Erie
• N.Y. Local Fin. Law § 54.60 — Cost of sales; city of Utica
• N.Y. Local Fin. Law § 54.70 — Cost of sales; city of Niagara Falls, Niagara county
• N.Y. Local Fin. Law § 54.80 — Cost of sales; city of Lackawanna
• N.Y. Local Fin. Law § 54.85 — Bonds and notes of the city of Troy
• N.Y. Local Fin. Law § 54.90 — Issuance of bonds or notes with variable rates of interest
• N.Y. Local Fin. Law § 55.00 — Bearer and registered obligations
• N.Y. Local Fin. Law § 55.10 — Endorsements of principal payments on bonds and notes
• N.Y. Local Fin. Law § 56.00 — Agency selling and issuing obligations
• N.Y. Local Fin. Law § 57.00 — Sale of bonds
• N.Y. Local Fin. Law § 57.10 — Guidelines for sale of bonds and notes on a negotiated basis
• N.Y. Local Fin. Law § 58.00 — Notice of sale of bonds
• N.Y. Local Fin. Law § 58.10 — Electronic open auction public bond sale pilot program
• N.Y. Local Fin. Law § 59.00 — Bids opened publicly; amendments; awards
• N.Y. Local Fin. Law § 60.00 — Sale of notes
• N.Y. Local Fin. Law § 60.10 — Sale of obligations to certain banks and trust companies authorized
• N.Y. Local Fin. Law § 61.00 — Execution of obligations
• N.Y. Local Fin. Law § 62.00 — Interim bonds
• N.Y. Local Fin. Law § 62.10 — Statutory installment bonds
• N.Y. Local Fin. Law § 63.00 — Bond issues of certain amounts
• N.Y. Local Fin. Law § 63.10 — Cancellation of obligations
• N.Y. Local Fin. Law § 70.00 — Fiscal agent
• N.Y. Local Fin. Law § 71.00 — Conversion of coupon bonds into registered bonds
• N.Y. Local Fin. Law § 72.00 — Reconversion of coupon bonds which have been converted into registered bonds
• N.Y. Local Fin. Law § 73.00 — Conversion and reconversion of registered bonds
• N.Y. Local Fin. Law § 74.00 — Conversion and reconversion of notes
• N.Y. Local Fin. Law § 75.00 — Registration of obligations
• N.Y. Local Fin. Law § 80.00 — Bond resolution, or note resolution or certificate, may contain estoppel clause
• N.Y. Local Fin. Law § 81.00 — Bond resolution, or note resolution or certificate, containing estoppel clause; publication and notice
• N.Y. Local Fin. Law § 82.00 — Twenty day period of limitation
• N.Y. Local Fin. Law § 83.00 — Contesting of validity of obligations; substantial compliance
• N.Y. Local Fin. Law § 84.00 — Effect of recital of validity in obligations
• N.Y. Local Fin. Law § 85.00 — Limitation of provisions; emergency period
• N.Y. Local Fin. Law § 85.10 — Notice of claim
• N.Y. Local Fin. Law § 85.20 — Demand for payment
• N.Y. Local Fin. Law § 85.30 — Petition of municipality; temporary stay of claims
• N.Y. Local Fin. Law § 85.40 — Repayment plan for municipality; court approval; continuation of stay
• N.Y. Local Fin. Law § 85.50 — Termination of stay
• N.Y. Local Fin. Law § 85.60 — Modification of plan
• N.Y. Local Fin. Law § 85.70 — Notice to creditors
• N.Y. Local Fin. Law § 85.80 — Authority for municipality or emergency financial control board to file petition under federal statute
• N.Y. Local Fin. Law § 85.90 — Judicial review
• N.Y. Local Fin. Law § 90.00 — Refunding of bonds
• N.Y. Local Fin. Law § 90.10 — Advance refunding of certain bonds
• N.Y. Local Fin. Law § 91.00 — Refunding of capital notes
• N.Y. Local Fin. Law § 92.00 — Refunding of bond anticipation notes issued by a school district prior to annexation or consolidation
• N.Y. Local Fin. Law § 93.00 — Refunding of urban renewal notes
• N.Y. Local Fin. Law § 100.00 — Requirement of pledge of faith and credit
• N.Y. Local Fin. Law § 101.00 — Giving or loaning of municipal credit and contracting indebtedness other than for municipal purposes prohibited
• N.Y. Local Fin. Law § 102.00 — Consent by cities, towns and villages to the contracting of indebtedness by certain district corporations
• N.Y. Local Fin. Law § 103.00 — Limitation on the power of cities and villages to authorize certain obligations
• N.Y. Local Fin. Law § 104.00 — Limitation on amount of local indebtedness which may be contracted
• N.Y. Local Fin. Law § 104.10 — Additional limitations on the power to contract indebtedness
• N.Y. Local Fin. Law § 105.00 — Exclusion of indebtedness for certain assessable improvements; Buffalo, Rochester and Syracuse
• N.Y. Local Fin. Law § 106.00 — When debt-contracting power of certain counties and towns shall cease
• N.Y. Local Fin. Law § 107.00 — Down payment
• N.Y. Local Fin. Law § 108.00 — Financing of safety net assistance on a pay-as-you-go basis
• N.Y. Local Fin. Law § 109.00 — Filing of debt statement required
• N.Y. Local Fin. Law § 120.00 — Indebtedness of certain district corporations; amount thereof included as indebtedness of municipalities
• N.Y. Local Fin. Law § 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 ...
• N.Y. Local Fin. Law § 121.10 — Indebtedness of school districts merged with or annexed to a school district outside of a city
• N.Y. Local Fin. Law § 121.20 — Exclusion of certain indebtedness of school districts other than school districts in a city with one hundred twenty-five thousand inhabit...
• N.Y. Local Fin. Law § 121.30 — Exclusion of certain indebtedness of school districts other than school districts in a city with one hundred twenty-five thousand inhabit...
• N.Y. Local Fin. Law § 122.00 — Pay-as-you-go financing by the city of New York; ascertainment of indebtedness arising therefrom
• N.Y. Local Fin. Law § 123.00 — Exclusion of self-liquidating indebtedness in ascertaining the power of a municipality to contract indebtedness
• N.Y. Local Fin. Law § 124.00 — Bonds for pensions; ascertainment of amount thereof to be excluded
• N.Y. Local Fin. Law § 124.10 — Exclusion of certain indebtedness for sewage facilities in ascertaining the power of a municipality to contract indebtedness
• N.Y. Local Fin. Law § 125.00 — Exclusion of indebtedness for self-liquidating dock and transit facilities; New York City
• N.Y. Local Fin. Law § 126.00 — Exclusion of certain indebtedness for school purposes; New York City
• N.Y. Local Fin. Law § 130.00 — Application of title
• N.Y. Local Fin. Law § 131.00 — Definition of obligations
• N.Y. Local Fin. Law § 132.00 — Debt statements; agency preparing
• N.Y. Local Fin. Law § 135.00 — Statement of total debt; inclusions in ascertaining gross indebtedness
• N.Y. Local Fin. Law § 136.00 — Statement of total debt; deductions from gross indebtedness
• N.Y. Local Fin. Law § 137.00 — Debt statement of school districts outside cities with one hundred twenty-five thousand inhabitants or more according to the latest feder...
• N.Y. Local Fin. Law § 138.00 — Debt statement to show net indebtedness
• N.Y. Local Fin. Law § 139.00 — Debt statement to show valuations of taxable real property
• N.Y. Local Fin. Law § 140.00 — Debt statement to show debt-contracting margin
• N.Y. Local Fin. Law § 141.00 — State comptroller to prescribe form of debt statement
• N.Y. Local Fin. Law § 142.00 — Real property liabilities; procedure for ascertaining the amount thereof
• N.Y. Local Fin. Law § 143.00 — Contract liabilities: housing guarantees or subsidies; procedure for ascertaining the amount of such liabilities
• N.Y. Local Fin. Law § 143.10 — Contract liabilities; guarantees of certain hospital indebtedness; procedure for ascertaining the amount of such liabilities
• N.Y. Local Fin. Law § 150.00 — Two per centum limitation on housing or urban renewal indebtedness
• N.Y. Local Fin. Law § 151.00 — Contents of statement of housing and urban renewal indebtedness
• N.Y. Local Fin. Law § 152.00 — Deductions for self-liquidating housing projects
• N.Y. Local Fin. Law § 153.00 — Authorization for municipality to assign for collateral or pledge its mortgage interest
• N.Y. Local Fin. Law § 154.00 — Disposition of proceeds resulting from the satisfaction of certain mortgages
• N.Y. Local Fin. Law § 160.00 — Action by finance board
• N.Y. Local Fin. Law § 160.05 — Financial restructuring board for local governments
• N.Y. Local Fin. Law § 160.10 — Delegation to a deputy
• N.Y. Local Fin. Law § 161.00 — Negotiability of obligations
• N.Y. Local Fin. Law § 162.00 — Exemption from taxation
• N.Y. Local Fin. Law § 163.00 — Record of obligations
• N.Y. Local Fin. Law § 164.00 — Reissuance of lost, destroyed, partially destroyed or defaced obligations
• N.Y. Local Fin. Law § 165.00 — Deposit and use of proceeds from sale of bonds, bond anticipation notes, capital notes, urban renewal notes or budget notes
• N.Y. Local Fin. Law § 165.10 — Advances from funds
• N.Y. Local Fin. Law § 165.20 — Exchange of certain bonds or notes
• N.Y. Local Fin. Law § 166.00 — Action against municipal officers
• N.Y. Local Fin. Law § 167.00 — Action against municipality; appeals
• N.Y. Local Fin. Law § 168.00 — Agreements for credit enhancement
• N.Y. Local Fin. Law § 169.00 — Installment loans and obligations evidencing installment loans
• N.Y. Local Fin. Law § 170.00 — Local legislation relating to local finance
• N.Y. Local Fin. Law § 171.00 — Continuity of powers and duties
• N.Y. Local Fin. Law § 172.00 — Authorizations continued
• N.Y. Local Fin. Law § 173.00 — Pending actions, suits and proceedings not affected
• N.Y. Local Fin. Law § 174.00 — Previously authorized obligations not affected; redemption of outstanding obligations
• N.Y. Local Fin. Law § 175.00 — Acts legalized or validated not affected
• N.Y. Local Fin. Law § 176.00 — Local finance law to be the exclusive law
• N.Y. Local Fin. Law § 177.00 — Laws repealed; legislative intent
• N.Y. Local Fin. Law § 178.00 — Effect of hyphen in schedule of laws repealed
• N.Y. Local Fin. Law § 179.00 — Model forms of obligations
• N.Y. Local Fin. Law § 180.00 — Law to be liberally construed
• N.Y. Local Fin. Law § 181.00 — Separability
• N.Y. Local Fin. Law § 182.00 — When to take effect