NY Rac, Pari-Mut Wag & Breeding L § 604 (2021)
2021 New York Laws PML - Racing, Pari-Mutuel Wagering and Breeding Law Article 6 - New York City Off-Track Betting Corporation 604 - Powers of the Corporation.

§ 604. Powers of the corporation. The corporation shall have power:1. To sue and be sued;2. To have a seal and to alter the same at its pleasure;3.  To acquire, hold, lease, rent and dispose of personal property for   its corporate purpose;4. To acquire, in the name of the state,  by  purchase,  condemnation,   gift,  grant  or devise or otherwise, and to use, real property which is   necessary or convenient for carrying out its corporate purpose; provided   that the corporation shall not condemn any real property  without  first   having  obtained the consent of the mayor. All real property acquired by   the corporation by condemnation shall be acquired in the manner provided   by law for the condemnation of real property by the state;5. To make by-laws for the management and regulation of its affairs;6. With the consent of the state, to use agents, officers,  employees,   and  facilities  of the state, paying to the state its agreed proportion   of the compensation or costs;7. To appoint officers,  agents  and  employees,  to  prescribe  their   qualifications  and  to fix their compensation; subject, however, to the   provisions of section six hundred six of this article;8. To make contracts and leases, including joint ventures  with  third   parties  or  entities,  and  to  execute  all  instruments  necessary or   convenient to accomplish its corporate purpose; provided, however,  that   the corporation may only enter into agreements for the purchase or lease   of  any  property to be used in whole or in part as an off-track betting   branch office which is  conditioned  upon  the  location  thereof  being   approved  by  the  site selection board; and further provided, that such   location prior to its use as such off-track betting branch office  shall   have been approved by the site selection board;9.  To  construct  such buildings, structures and facilities as may be   necessary;10. To accept grants, loans and contributions from the United  States,   the  state  or  any  agency or instrumentality of either of them, or the   city, or  any  person,  including  gifts  or  transfers  by  bequest  or   otherwise,  and  to  use  same  or  expend  the proceeds thereof for its   corporate purpose;11. In the manner and subject to the terms and conditions set forth in   this article, and article  five-a  of  this  chapter  to  establish  and   conduct  a  system of off-track pari-mutuel betting in the city on horse   races;12. a. To promulgate, amend and repeal  such  rules  and  regulations,   consistent with the provisions of this article, as it may deem necessary   or  desirable for the carrying out of the purposes of this article. Such   rules and regulations shall have the force and effect of law.b. No rule or regulation promulgated by the  corporation  pursuant  to   the  provisions  of  this  subdivision  shall  be effective until a copy   thereof is filed with the commission.c. Any violation of any rule or regulation, filed with the  commission   and designated by the letter "R" by resolution of the board of directors   of  the  corporation,  shall  be  an  offense  triable by a judge of the   criminal court of the city, and shall be punishable by imprisonment  for   not  more  than  six  months, or by a fine of not more than one thousand   dollars, or by both such imprisonment and fine. All such fines collected   shall be paid into the general fund of  the  state.  Any  such  rule  or   regulation  shall be effective, notwithstanding that any act or omission   made an offense or punishable thereby may  be  a  crime  or  offense  or   punishable under any other provision of law; 13.  To perform such other acts and engage in such other activities as   may be necessary and proper for exercising its powers and performing its   duties under this article.