Section 1599-S. Termination of the authority

Whenever all of the bonds
  and notes issued by the authority shall have been redeemed or cancelled,
  and  all  its  liabilities  and  duties  met  or  discharged,  and   the
  termination  date  of  its  corporate  existence as set forth in section
  fifteen hundred ninety-nine-c of this title shall have been reached, the
  authority shall cease to exist and all rights, title and  interests  and
  all  obligations  and  liabilities thereof vested in or possessed by the
  authority shall thereupon vest in and be possessed by the city.
    * NB Authority ceased to exist 08/05/2002
    * NB There are 4 § 1599-s's