§ 12. State's right to require redemption of bonds.

Notwithstanding and in addition to any provisions for the redemption
of bonds which may be contained in any contract with the holders of the
bonds, the state may, upon furnishing sufficient funds therefor, require
the agency to redeem, prior to maturity, as a whole, any issue of bonds
on any interest payment date not less than twenty years after the date
of the bonds of such issue at one hundred five per centum of their face
value and accrued interest or at such lower redemption price as may be
provided in the bonds in case of the redemption thereof as a whole on
the redemption date. Notice of such redemption shall be published at
least twice in each of at least one newspaper publishing and circulating
in the county of Albany and at least one newspaper publishing and
circulating in the city of New York, the first publication to be at
least thirty days before the date of redemption.