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(1)A scheme under section 397 above may at any time—
(a)be revoked by the Mayor; or
(b)be varied by the Mayor in accordance with the terms of the scheme or by agreement between the Mayor and at least two-thirds of the London local authorities.
(2)Before deciding whether to revoke or vary a scheme by virtue of subsection (1) above the Mayor shall consult each London local authority.
(3)Where the Mayor revokes or varies a scheme by virtue of subsection (1) above he shall notify each London local authority of the revocation or variation.
(4)For the purposes of this section “London local authority” means a London borough council or the Common Council.
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