2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 11 - Metropolitan Commuter Transportation Authority › 1270-I - New York City Transportation Assistance Fund.

§  1270-i.  New  York  city  transportation  assistance  fund.  1. The
  authority shall create and establish a fund to be known as the "New York
  city transportation assistance fund" which shall be kept  separate  from
  and  shall not be commingled with any other moneys of the authority. The
  New York city transportation assistance  fund  shall  consist  of  three
  separate accounts: (i) the "subway action plan account"; (ii) the "outer
  borough  transportation  account"; and (iii) the "general transportation
  account".  The authority shall make deposits in the subway  action  plan
  account  of  the  moneys  received  by  it pursuant to the provisions of
  subdivision (c) of section twelve hundred ninety-nine-H of the  tax  law
  in  accordance  with  the provisions thereof, shall make deposits in the
  outer borough transportation  account  of  the  moneys  received  by  it
  pursuant  to the provisions of subdivision (d) of section twelve hundred
  ninety-nine-H of the tax law in accordance with the provisions  thereof,
  and  shall  make  deposits  in the general transportation account of the
  moneys received by it pursuant to the provisions of subdivision  (e)  of
  section  twelve  hundred ninety-nine-H of the tax law in accordance with
  the provisions thereof, and pursuant to the provisions of section eleven
  hundred eleven-C of vehicle and traffic law.
2. Moneys in the subway action plan account  shall  be  used  for  the
  exclusive  purpose  of  funding  the  operating and capital costs of the
  metropolitan transportation authority's  New  York  city  subway  action
  plan.  Such funds may be used for infrastructure including construction,
  reconstruction,  reconditioning  and  preservation   of   transportation
  systems,  facilities  and  equipment,  acquisition  of property, and for
  operating costs  including  personal  services,  non-personal  services,
  fringe benefits, and contractual services. Funds may also be used to pay
  or  to  reimburse  the  authority  for  its  payment of debt service and
  reserve requirements on that portion of authority bonds and notes issued
  by the authority for capital costs of  the  metropolitan  transportation
  authority's New York city subway action plan.
3.  Moneys  in  the outer borough transportation account shall be used
  for the exclusive purpose of funding the operating and capital costs  of
  metropolitan transportation authority facilities, equipment and services
  in  the  counties of Bronx, Kings, Queens and Richmond, and any projects
  improving transportation connections from  such  counties  to  New  York
  County.   Such   funds   may   be   used  for  infrastructure  including
  construction,  reconstruction,  reconditioning   and   preservation   of
  transportation   systems,   facilities  and  equipment,  acquisition  of
  property,  and  for  operating  costs   including   personal   services,
  non-personal  services, fringe benefits, and contractual services. Funds
  may also be used to fund a toll  reduction  program  for  any  crossings
  under  the  jurisdiction of the metropolitan transportation authority or
  its subsidiaries or affiliates. Funds may also be  used  to  pay  or  to
  reimburse  the  authority  for  its  payment of debt service and reserve
  requirements on that portion of authority bonds and notes that have been
  issued by the authority specifically for the authorized purpose of  this
  account.  Notwithstanding any law to the contrary, final approval of the
  use of any funds paid into  the  outer  borough  transportation  account
  shall  be  unanimously  approved  by  three  members of the Metropolitan
  Transportation  Authority  Capital  Program  Review  Board,  established
  pursuant  to  section  twelve  hundred  sixty-nine-a  of  this  title so
  designated pursuant to this subdivision.  For  purposes  of  such  final
  approvals  the  three  voting  members  are:  the  member appointed upon
  recommendation by the temporary president  of  the  senate;  the  member
  appointed upon recommendation of speaker of the assembly; and the member
  appointed by the governor.
4.  Moneys  in  the  general  transportation account shall be used for
  funding  the  operating  and   capital   costs   of   the   metropolitan
  transportation  authority.  Such  funds  may  be used for infrastructure
  including construction, reconstruction, reconditioning and  preservation
  of  transportation  systems,  facilities  and  equipment, acquisition of
  property,  and  for  operating  costs   including   personal   services,
  non-personal  services, fringe benefits, and contractual services. Funds
  may also be used to pay or to reimburse the authority for its payment of
  debt service and reserve requirements on that portion of authority bonds
  and notes that have been issued by the authority  specifically  for  the
  purposes of this account.
5. Any revenues deposited in the subway action plan account, the outer
  borough  transportation  account,  or the general transportation account
  pursuant to subdivision one of this section shall  be  used  exclusively
  for  the  purposes  described, respectively, in subdivisions two, three,
  and four of this section. Such revenues shall only supplement and  shall
  not  supplant  any  federal,  state,  or  local  funds  expended  by the
  metropolitan transportation authority, such  authority's  affiliates  or
  subsidiaries for such respective purposes.
6.  Any  revenues  deposited  into  the  New  York city transportation
  assistance fund pursuant to subdivision one of this section shall not be
  diverted into the general fund of the state, any other fund  established
  by  the  chapter  of  the laws of two thousand eighteen which added this
  subdivision, any other fund maintained for  the  support  of  any  other
  governmental  purpose,  or  for  any  other  purpose  not  authorized by
  subdivisions two, three and four of this section.
7. The authority shall report on the receipt and  uses  of  all  funds
  received  by  the  New  York city transportation assistance fund, and in
  each of its accounts, to the  director  of  the  budget,  the  temporary
  president  of  the senate, and the speaker of the assembly, on an annual
  basis no later than the first day of February.