§ 6404. Purchases by certain independent institutions. Any
postsecondary institution chartered under the powers of the regents
pursuant to section two hundred sixteen of this chapter or incorporated
under a special act of the legislature may make purchases of commodities
and services pursuant to the terms of contracts let by the office of
general services subject to such rules as may be established from time
to time pursuant to section one hundred sixty-three of the state finance
law which may establish limitations with respect to commodities and
services and impose such other appropriate conditions upon purchasing as
deemed necessary by the commissioner of general services in order to
protect the state's own purchasing interests; provided that each such
purchase shall have a cost of five hundred dollars or more and that said
institution shall accept sole responsibility for any payment of such
cost due the vendor.