S C DORMITORY AUTHORITY OF THE STATE OF NEW YORK …

A “New York transaction with contractual protection” is a transaction for which the taxpayer or a related party (as described in section 267(b) or section 707(b) of the Internal Revenue Code) has the right to a full or partial refund of fees (as described in paragraph (2) of this subdivision) if all or part of the intended tax consequences ... ................
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