Section 1600-I. 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
  time  seven hundred fifty thousand dollars, over and above the amount of
  bonds authorized by subdivision one of section sixteen hundred-h of this
  title, 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. Such  notes  may,  among  other  things,  be
  issued  to  provide  funds to pay preliminary costs of surveys, plans or
  other matters relating to any proposed project. The authority may pledge
  such moneys or revenues (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  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 purchasers 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.
    * NB Ceases to exist December 31, 2009
    * NB There are 2 § 1600-i's