Section 54.30. Costs of sales; bonds and notes of the city of Buffalo

Subject to the provisions of chapter one hundred twenty-two of the  laws
  of  two  thousand three creating the Buffalo fiscal stability authority,
  to facilitate the marketing of any issue of serial bonds or notes of the
  city of Buffalo issued on or before June thirtieth,  two  thousand  ten,
  such city may, notwithstanding any limitations on private sales of bonds
  provided by law, and subject to approval by the state comptroller of the
  terms  and  conditions of such sale: (a) arrange for the underwriting of
  its bonds  or  notes  at  private  sale  through  negotiated  agreement,
  compensation  for  such underwriting to be provided by negotiated fee or
  by sale of such bonds or notes to an underwriter at a price of less than
  the sum of par value of, and the accrued interest on, such  obligations;
  or  (b)  arrange  for  the  private  sale  of its bonds or notes through
  negotiated agreement, compensation for such  sales  to  be  provided  by
  negotiated  fee,  if  required. The cost of such underwriting or private
  placement shall be deemed a preliminary cost  for  purposes  of  section
  11.00 of this article.