§ 3859. Advisory period. 1. During any advisory period the authority
shall:

(a) obtain from the city, the covered organizations and the state
comptroller, all information, financial statements and projections,
budgetary data and information, and management reports and materials as
the authority deems necessary or desirable to accomplish the purposes of
this title; and inspect, copy and audit such books and records of the
city and the covered organizations as the authority deems necessary or
desirable to accomplish the purposes of this title;

(b) review the operation, management, efficiency and productivity of
city operations and of any covered organization's operations as the
authority may determine, and make reports and recommendations thereon;
examine the potential to enhance the revenue of the city or any covered
organization; audit compliance with the financial plan in such areas as
the authority may determine; recommend to the city and the covered
organizations such measures relating to their operations, management,
efficiency and productivity as the authority deems appropriate to reduce
costs, enhance revenue and improve services so as to advance the
purposes of this title;

(c) comment on the provisions of the budget, the financial plan and
the financial plan modifications of the city as the authority deems
necessary or appropriate;

(d) review and comment on the terms of any proposed borrowing,
including the prudence of each proposed issuance of bonds or notes to be
issued by the city; and

(e) assess the impact of any collective bargaining agreement to be
entered into by the city and such contracts, that, in the judgment of
the authority, may have a significant impact on the city's long-term
fiscal condition.

2. During any advisory period, the city shall promptly provide all
information requested by the authority, review the comments,
assessments, reports and recommendations of the authority and publicly
respond thereto, addressing such matters as have been raised by the
authority.