You enjoy drowning? Care to take a stab at why the signatures are supposed to be from the 5 boroughs when this is supposed to be a NY state matter or would answering that be like going under for the third time?Well, it explains that "the matter is now being pursued under New York state statute instead of the original idea of proceeding under city charter provisions" (from the article).
As I mentioned earlier in this thread, the 120 day limit is only present in the City Charter provision, and not in the NY Municipal Home Rule Law.
Additionally - the City Charter provision requires 50,000 signatures, as opposed to 30,000. It's very clear that NYCCAN is pursuing this under the state statute (NY Municipal Home Rule Law).