N.M. Stat. § 72-17-51
Ranking among securities of same issue.
All securities of the same issue or series shall be equally and ratably secured
without priority by reason of number, date of maturity, date of securities, of sale, of
execution, or of delivery, by a lien on said revenues in accordance with the provisions of
this act [Chapter 72, Article 17 NMSA 1978] and the resolution authorizing, or other
instrument appertaining to, said securities, except to the extent such resolution or other
instrument shall otherwise expressly provided [provide].