This is what SSMS uses when you script using the DROP and CREATE
option
IF EXISTS (SELECT *
FROM sys.objects
WHERE object_id = OBJECT_ID(N'[dbo].[foo]')
AND type IN ( N'FN', N'IF', N'TF', N'FS', N'FT' ))
DROP FUNCTION [dbo].[foo]
GO
This approach to deploying changes means that you need to recreate all permissions on the object so you might consider ALTER
-ing if Exists instead.