Section 562. Redemption of bonds

Notwithstanding and in addition to any
  provisions for the redemption of bonds which may  be  contained  in  any
  contract  with the holders of the bonds, either the state of New York or
  the city may, upon furnishing sufficient  funds  therefor,  require  the
  authority  to  redeem  as  a  whole any issue of the bonds issued before
  January first, nineteen hundred thirty-nine on any semi-annual  interest
  payment  date  after  January first, nineteen hundred forty-seven at one
  hundred and five per centum of their face value and accrued interest, or
  at such lower redemption price as may then be provided by  contract,  on
  not exceeding sixty days' notice by publication in such manner as may be
  provided  by  the  authority upon the issuance of such bonds. Either the
  state of New York or the city  may,  upon  furnishing  sufficient  funds
  therefor,  require the authority to redeem as a whole any issue of bonds
  issued after January first, nineteen hundred thirty-nine (provided  such
  bonds  are  subject  to  redemption) at the time and at the price and in
  accordance with the terms upon which such bonds are redeemable.
    All bonds issued for the Narrows bridge project or for the Throgs Neck
  bridge project shall be redeemable on such dates and on  such  terms  as
  the authority shall determine, but shall, in any event, be redeemable as
  a  whole  on any interest payment date fifteen or more years after their
  date at not more than one hundred four per centum of  their  face  value
  and accrued interest.