N.Y. Public Authorities Law Section 551
Definitions

As used or referred to in this title, unless a different meaning clearly appears from the context, 1. The term “authority” shall mean the Triborough bridge and tunnel authority, the corporation organized pursuant to § 552 (Triborough bridge and tunnel authority)section five hundred fifty-two of this chapter as consolidated pursuant to § 552-A (Consolidation)section five hundred fifty-two-a of this chapter;

2.

The term “city” shall mean the city of New York;

3.

The term “bonds” shall mean bonds issued by the authority pursuant to this title or by authorities consolidated with the authority;

4.

The term “board” shall mean the members of the authority;

5.

The term “comptroller” shall mean the comptroller of the city;

6.

The term “the project” shall mean any project or one or more or all of the projects described in subdivision nine of section five hundred fifty-three or in section five hundred fifty-three-a of this chapter;

7.

The term “parkway” shall include elevated, surface or subsurface parkways and parking fields and other facilities connected therewith, and any bridge, viaduct, embankment or other structure that is part thereof or crosses the same;

8.

The term “highway” shall mean any road, street, avenue or boulevard, whether elevated, surface or subsurface, and includes any parking fields and other facilities connected therewith and any bridge, viaduct, embankment or other structure that is a part thereof or crosses the same.

9.

The term “metropolitan transportation authority” shall mean the corporation created by § 1263 (Metropolitan transportation authority)section twelve hundred sixty-three of this chapter.

10.

The term “New York city transit authority” shall mean the corporation created by § 1201 (New York city transit authority)section twelve hundred one of this chapter.

Source: Section 551 — Definitions, https://www.­nysenate.­gov/legislation/laws/PBA/551 (updated Sep. 22, 2014; accessed May 4, 2024).

550
Short title 551
Definitions 552
Triborough bridge and tunnel authority 552‑A
Consolidation 553
Powers of the authority 553‑A
Additional powers in relation to Brooklyn Richmond project 553‑B
Additional powers and provisions in relation to convention center 553‑C
Additional powers and provisions in relation to railroad and rapid transit projects 553‑D
Special Triborough bridge and tunnel authority special obligation bonds and notes 553‑E
Laws applicable to certain activities 553‑F
Tokens 553‑G
Fire training 553‑H
Tokens 553‑I
Marine Parkway Bridge 553‑J
Additional powers and provisions in relation to central business district tolling program 553‑K
Traffic mobility review board 554
Transfer of officers and employees 555
Selection of site 556
Acquisition of lands by the city for the project 557
Grant of land by the city to the authority 557‑A
Lands, easements and rights in land 558
Consent of state 559
Construction contracts 560
Moneys of the authority 561
Bonds of the authority 562
Redemption of bonds 563
Agreement of the state 564
State and city not liable on bonds 565
Bonds legal investments for fiduciaries 566
Exemptions from taxation 566‑A
Tax contract by the state 567
Remedies of bondholders 568
Continuity of jurisdiction 569
Protection of prior bondholders 569‑A
Actions against the authority 569‑B
Restrictions on signs and billboards 569‑C
Transfer and receipt of surplus funds 569‑D
Protection of bondholders 570
Title not affected if in part unconstitutional or ineffective 571
Inconsistent provisions in other acts superseded
Green check means up to date. Up to date

Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 551’s source at nysenate​.gov

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