Section 1272. Right of state to require 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,  the  state
  may, upon furnishing sufficient funds therefor, require the authority to
  redeem,  prior  to  maturity,  as  a  whole,  any  issue of bonds on any
  interest payment date not less than twenty years after the date  of  the
  bonds  of  such issue at one hundred five per centum of their face value
  and accrued interest or  at  such  lower  redemption  price  as  may  be
  provided  in  the  bonds in case of the redemption thereof as a whole on
  the redemption date. Notice of such redemption shall be published in  at
  least  two  newspapers  publishing  and  circulating respectively in the
  cities of Albany and New York at least twice, the first  publication  to
  be at least thirty days before the date of redemption.