Section 209-M. Pending actions and proceedings

Upon the transfer pursuant
  to section two hundred nine-d of  this  article  of  the  functions  and
  powers possessed by and all of the obligations and duties of the science
  and  technology  foundation  as established pursuant to article ten-A of
  the public authorities law to the office as prescribed  by  section  two
  hundred  nine-d of this article, except as otherwise provided in section
  two hundred nine-f of this article, no action or proceeding  pending  on
  the  effective  date  of this article, brought by or against the science
  and technology foundation or chairperson thereof shall  be  affected  by
  any  provision  of  this  article,  but  the  same  may be prosecuted or
  defended in the name of the executive director of  the  office.  In  all
  such actions and proceedings, the office, upon application to the court,
  shall be substituted as a party.