<Additional Public Authorities Law §§ 1599-q appear in Titles 14, City of Cohoes Parking Authority, City of Niagara Falls Parking
Authority, and City of Schenectady Parking Authority.>
Whenever all of the bonds issued by the authority shall have been redeemed or canceled,
and all its liabilities 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, titles 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
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