Section 27-105. Effective date

Any  work  for which an application for a
  permit was submitted to the department prior to the  effective  date  of
  this  code,  (December sixth nineteen hundred sixty-eight), or for which
  an application for a permit is submitted  to  the  department  within  a
  period  of  twelve months after such date may, however, at the option of
  the  owner,  be  performed  in  its  entirety  in  accordance  with  the
  requirements of this code, or in accordance with the requirements of the
  building  laws  and  regulations  previously in force in the city of New
  York, provided that such work is commenced within  twelve  months  after
  the  date  of issuance of a permit therefor and is diligently carried on
  to completion. This section shall  not  apply  to  the  requirements  of
  article  ten  of  subchapter nineteen of this chapter which shall become
  effective on December sixth, nineteen hundred sixty-eight.