In order to effectuate the purposes of this title, the corporation shall have the following special powers:
A municipality shall not be liable for any act or omission of the corporation, its officers, agents, servants or contractors in the performance of any such contract by the corporation.
In the case of a district corporation subject to the provisions of section 102.00 of the local finance law, the annual payments to be made to the corporation to enable it to pay the principal of any indebtedness contracted by it to finance the cost of the project shall be deemed to be indebtedness within the meaning of such section and section 120.00 of such law and any contract entered into between the district corporation and the corporation pursuant to the provisions of this paragraph (c) shall be subject to the consent of the city, town or village affected as provided in such section 102.00.
A contract pursuant to the provisions of this paragraph (c) shall be deemed to be an issuance of bonds, bond anticipation notes or capital notes for the purposes of subdivisions three, four, five, and seven of section 104.10 of the local finance law insofar as the contract shall provide for annual payments to the corporation to enable it to pay the principal of indebtedness contracted by it to finance the cost of any project.
The corporation shall transmit a copy of its report to the commissioner of environmental conservation, who shall hold public hearings on its recommendations, pursuant to section 3-0301 of the environmental conservation law, at which hearings testimony shall be taken from all interested parties. Following the termination of said hearings, the department of environmental conservation may make additional findings, if any, and shall have the power to promulgate rules and regulations and/or propose legislation, consistent with its findings, to implement the report.
N.Y. Pub. Auth. Law § 1285