Section 34.00. Bond resolution may be subject to mandatory or permissive referendum; cities

a. Except as otherwise provided in paragraph  b  of  this  section, neither the expenditure of money for an object or purpose
  for which it is proposed to issue obligations nor a bond  resolution  or
  capital  note resolution shall be subject to a mandatory or a permissive
  referendum in any city.
    b. Any city may adopt, in the manner provided  by  law,  a  local  law
  requiring that all bond resolutions, or bond resolutions authorizing the
  issuance  of  bonds  for such purposes or amounts as may be specified in
  such local law,  shall  be  subject  to  a  mandatory  or  a  permissive
  referendum  after  such  resolutions  have  been  adopted by the finance
  board. Such a local law shall prescribe the qualifications of the voters
  at and the procedure for such a mandatory or a permissive referendum and
  shall not itself be subject to a permissive or mandatory referendum. The
  provisions of  this  paragraph  shall  not  apply  to  bond  resolutions
  authorizing  the  issuance  of  bonds  for  the payment of judgments, or
  compromised or settled claims against  such  city,  or  awards  or  sums
  payable  by  such  city  pursuant  to  a determination by a court, or an
  officer, body or agency acting in an  administrative  or  quasi-judicial
  capacity, or to provide sewage disposal or treatment facilities required
  by  any  order  of  the  state  commissioner  of  health or of the water
  resources commission directing compliance with standards, determinations
  or orders promulgated pursuant to article twelve of  the  public  health
  law to prevent pollution of the waters of the state.