Notwithstanding any inconsistent provision of this act or of any other general, special or local law, all bonds issued by such commission after this section shall become effective, shall be sold at public sale, except that such commission may sell any of its bonds at private sale if the state comptroller upon proper application shall give his approval and consent in writing to such private sale and the terms thereof. Notwithstanding the foregoing, however, such commission may not sell any of its bonds to the state comptroller at private sale or exchange any of its bonds for any of its bonds or notes held by the state comptroller.
N.Y. Port of Albany Law § 10-b