The housing company must establish bylaws subject to review and approval by the division. Any amendment or alteration to the bylaws is subject to approval by the division. Where the division does not disapprove such bylaws as submitted to it, it shall be considered approved 90 days after full submission of the bylaws and all additional and supporting documentation that might be requested by the division as part of that review.
N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1725-1.6