Section 85.00. Limitation of provisions; emergency period

No provisions of
  this title, other than section 85.80, shall be applicable to the city of
  New York.  The provisions of this title shall be applicable (a) only  to
  a  municipality , other than the city of New York, with respect to which
  the legislature has declared that a state of financial emergency exists,
  and (b) only during such emergency period as may  be  specified  by  the
  legislature  for  any  municipality,  other  than the city of New York,;
  provided, however, that the provisions of section 85.80  of  this  title
  shall  apply to any municipality, including the city of New York, at any
  time. As used in this  title,  the  term  "emergency  financial  control
  board"  shall  mean  any  such  board  established  by state law for the
  municipality, and the term "covered organization" shall  mean  any  such
  organization  as  defined in the act declaring that a state of financial
  emergency exists for such municipality.  Nothing contained in this title
  shall be construed to limit or  stay  any  emergency  financial  control
  board  from  doing  any  act  or  commencing or continuing any action or
  special proceeding against or involving the municipality or any  covered
  organization.