The repeal by this chapter of any act authorizing the issuance of bonds, notes, certificates or other evidences of indebtedness heretofore authorized, issued or sold shall not be construed to impair the validity or legality of any such obligations or to affect in any way, the rights and duties prescribed therein. The provisions of law in force and effect prior to the effective date of this chapter, relating to and providing for the means for the payment, other than by refunding, of bonds, notes, certificates or other evidences of indebtedness theretofore authorized, issued or sold, and interest thereon, shall continue also to apply notwithstanding anything contained in the table of repeals hereto annexed.
New York Legal Code