§ 3870. Actions against the authority. 1. Except in an action for\nwrongful death, no action or proceeding shall be prosecuted or\nmaintained against the authority for personal injury or damage to real\nor personal property alleged to have been sustained by reason of the\nnegligence or wrongful act of the authority or of any director, officer,\nagent or employee thereof, unless (a) it shall appear by and as an\nallegation in the complaint or moving papers that a notice of claim\nshall have been made and served upon the authority, within the time\nlimit prescribed by and in compliance with section fifty-e of the\ngeneral municipal law, (b) it shall appear by and as an allegation in\nthe complaint or moving papers that at least thirty days have elapsed\nsince the service of such notice and that adjustment or payment thereof\nhas been neglected or refused, and (c) the action or proceeding shall be\ncommenced within one year after the happening of the event upon which\nthe claim is based. An action against the authority for wrongful death\nshall be commenced in accordance with the notice of claim and time\nlimitation provisions of title eleven of article nine of this chapter.\n 2. Wherever a notice of claim is served upon the authority, it shall\nhave the right to demand an examination of the claimant relative to the\noccurrence and extent of the injuries or damages for which claim is\nmade, in accordance with the provisions of section fifty-h of the\ngeneral municipal law.\n 3. The authority may require any person presenting for settlement an\naccount or claim for any cause whatever against the authority to be\nsworn before a director, counsel or an attorney, officer or employee\nthereof designated for such purpose, concerning such account or claim\nand when so sworn, to answer orally as to any facts relative to such\naccount or claim. The authority shall have power to settle or adjust any\nclaims in favor of or against the authority.\n 4. The rate of interest to be paid by the authority upon any judgment\nfor which it is liable, other than a judgment on bonds, notes or other\nobligations, shall not exceed the maximum rate of interest on judgments\nand accrued claims against municipal authorities as provided in the\ngeneral municipal law. Interest on payments of principal or interest on\nany bonds, notes or other obligations in default shall accrue at the\nrate specified in the general municipal law until paid or otherwise\nsatisfied.\n 5. The venue of every action, suit or special proceeding brought\nagainst the authority shall be the supreme court in the county.\n 6. Neither any director of the authority nor any officer, employee, or\nagent of the authority, while acting within the scope of his or her\nauthority, shall be subject to any liability resulting from exercising\nor carrying out any of the powers given in this title.\n 7. Indemnification. (a) The state shall hold harmless and indemnify\ndirectors, officers and employees of the authority, all of whom shall be\ndeemed officers and employees of the state for purposes of section\nseventeen of the public officers law, against any claim, demand, suit,\nor judgment arising by reason of any act or omission to act by such\ndirector, officer, or employee occurring in the discharge of his or her\nduties and within the scope of his or her service on behalf of the\nauthority including any claim, demand, suit or judgment based on\nallegations that financial loss was sustained by any person in\nconnection with the acquisition, disposition or holding of securities or\nother obligations. In the event of any such claim, demand, suit or\njudgment, a director, officer or employee of the authority shall be held\nharmless and indemnified, notwithstanding the limitations of subdivision\none of section seventeen of the public officers law, unless such\nindividual is found by a final judicial determination not to have acted,\nin good faith, for a purpose which he or she reasonably belie
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