New York Public Authorities Law Section 1225-D - Purpose of the fund.

  1225-d.  Purpose  of  the fund. The purpose of the fund shall be to
  provide through agreements with  the  transportation  authority  transit
  facilities,  to  be  used  by  the  transit authority or any subsidiary,
  including the planning, design,  construction,  acquisition,  extension,
  reconstruction,  rehabilitation, modernization, and other improvement of
  such facilities. Such purpose shall be in  all  respects  a  public  and
  governmental purpose.

Last modified: February 3, 2019