N.Y. Public Authorities Law Section 553-D
Special Triborough bridge and tunnel authority special obligation bonds and notes

In addition to the powers contained elsewhere in this title with respect to the projects authorized by paragraphs (m), (n), (o), (p) and (r) of subdivision nine of § 553 (Powers of the authority)section five hundred fifty-three of this title, and subject to the application of the revenues and other monies and assets of the authority pursuant to § 1270-D (Consolidated financings)section twelve hundred seventy-d of this chapter, the authority may issue its bonds and notes to finance such projects payable from and secured by all or any part of the moneys received by the authority from the metropolitan transportation authority special assistance fund established under § 1270-A (Metropolitan transportation authority special assistance fund)section twelve hundred seventy-a of this chapter, provided however that such bonds and notes may also be payable from and secured by any other moneys, securities and funds designated by the authority as additional security therefor. Debt service on bonds and notes issued by the authority pursuant to this section which is paid or reimbursed from moneys received by the authority from the metropolitan transportation authority special assistance fund shall not be deemed to constitute debt service incurred by the authority for purposes of subdivision three of section twelve hundred nineteen-a of this chapter. Such bonds or notes shall be issued in the manner provided in § 561 (Bonds of the authority)section five hundred sixty-one of this title.

Source: Section 553-D — Special Triborough bridge and tunnel authority special obligation bonds and notes, https://www.­nysenate.­gov/legislation/laws/PBA/553-D (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
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Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 553-D’s source at nysenate​.gov

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