Section 1600-JJ. Notes of the authority

The authority shall have power from
  time to time to issue notes and from time to time to issue renewal notes
  (herein  referred  to as notes), maturing not later than five years from
  their respective original dates in an amount not exceeding  at  any  one
  time  one  hundred  thousand dollars, over and above the amount of bonds
  authorized by subdivision one of  section  sixteen  hundred-ii  of  this
  title,  for  any  purpose  or  purposes  for  which bonds may be issued,
  whenever the authority shall determine that payment thereof can be  made
  in  full  from  any  moneys  or  revenues which the authority expects to
  receive from any  source.  The  authority  may  pledge  such  moneys  or
  revenues or source thereof (subject to any other pledge thereof) for the
  payment  of  the  notes and may in addition secure the notes in the same
  manner and with the same effect as herein provided for bonds. The  notes
  shall  be  sold  and  issued  in the same manner as bonds. The authority
  shall have power to make contracts for the future sale from time to time
  of the notes, by which the purchaser shall be committed to purchase  the
  notes  from  time  to  time  on  terms  and  conditions  stated  in such
  contracts, and the authority shall have power to pay such  consideration
  as  it shall deem proper for such commitments. In case of default on its
  notes, or violation of any of the obligations of the  authority  to  the
  noteholders, the noteholders shall have all the remedies provided herein
  for bondholders. Such notes shall be as fully negotiable as the bonds of
  the authority.