Judgment affirmed, without costs or disbursements, for the reasons stated in the opinion of Justice Vinik at Special Term.
We add only that there is no merit to petitioners' argument that the subject extension agreements "contemplated" the enactment of chapter 914 of the Laws of 1983, such that the latter should be deemed applicable thereto for the remainder of their duration. Contract obligations are determined by the law in effect at the time the contract is executed (see Kinney v Kinney, 48 A.D.2d 1002; 22 N.Y. Jur 2d, Contracts, § 202). In the absence of a clear expression in the contract that such is the parties' intention, a court may not construe an agreement so that it is modified by a subsequent statutory enactment which changes the rights and obligations of the parties ( Kinney v Kinney, supra). No such intention is evinced by the agreements at bar. Gibbons, J.P., O'Connor, Weinstein and Lawrence, JJ., concur. [ 122 Misc.2d 412.]