https://ag.ny.gov/sites/default/files/publications/how_to_handle_problems_with_a_condo_board.pdf
Q. What does the Condominium Act Provide?
A. Important provisions of the Condominium Act, and the sections in which they are found,
include the following:
Requirement that unit owners comply strictly with the by-laws, regulations, resolutions,
and decisions of the condominium. Failure to do so is grounds for a lawsuit for money
due, damages, and/or an injunction by the Board of Managers or by an individual owner.
(Section 339-j)
Declaration that the common interest appurtenant to each unit shall remain permanent, and
subject to change only with the consent of all unit owners affected. Any such change
would necessitate amending the declaration. (Section 339-i[2])
Provision that expenses will be charged to unit owners according to their respective
common interests, with specific exceptions. (Section 339-m)
Copies of the declaration, by-laws, floor plans, and any rules and regulations shall be
available for inspection in the office of the Board of Managers. (Section 339-q)
Contents of the by-laws (Section 339-v):
election of managers and terms (with at least one-third ending annually);
powers and duties of the board;
method of removing members of the board, election of the president, secretary and
treasurer;
operation of the property, including hiring and firing of employees;
adoption and amendment of rules;
amendment of by-laws by at least 66 2/3% of unit owners;
restrictions on use of property (units and common elements).
Detailed records of receipts and expenditures must be kept by the board and made available