New York Public Authorities Law Title 3 - TRIBOROUGH BRIDGE AUTHORITY

• 550 - Short Title.
  This title may be cited as the "Triborough bridge and tunnel authority act".
• 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...
• 552 - Triborough Bridge and Tunnel Authority.
  1. A board, to be known as "Triborough bridge and tunnel authority" is hereby created. Such board shall be a body corporate and politic constituting...
• 552-a - Consolidation.
  1. (a) Triborough bridge authority, the corporation created pursuant to section five hundred fifty-two of this chapter, as originally enacted, and the New York city...
• 553 - Powers of the Authority.
  The authority shall have power 1. to sue and be sued; 2. To have a seal and alter the same at pleasure; * 3. To...
• 553-a - Additional Powers in Relation to Brooklyn Richmond Project.
  1. If and when the Port of New York authority (herein called the "port authority") is authorized to make agreements with the authority relating to...
• 553-b - Additional Powers and Provisions in Relation to Convention Center.
  1. In relation to the convention center and for the purpose of effectuating the development of the same, the authority shall have power, in its...
• 553-c - Additional Powers and Provisions in Relation to Railroad and Rapid Transit Projects.
  1. The authority shall have the power to finance all or any part of the costs of railroad and rapid transit costs enumerated in paragraphs...
• 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...
• 553-e - Laws Applicable to Certain Activities.
  1. (a) In its performance of any project authorized by paragraph (m), (n), (o), (p) or (r) of subdivision nine of section five hundred fifty-three...
• 553-f - Tokens.
  Notwithstanding any inconsistent provision of law, but subject to agreements with noteholders and bondholders, the authority shall offer for sale tokens with respect to residents...
• 553-g - Fire Training.
  All persons appointed to the position of bridge and tunnel officer and maintenance division employees of the Triborough bridge and tunnel authority on or after...
• 553-h - Tokens.
  Notwithstanding any inconsistent provision of law, but subject to agreements with noteholders and bondholders, the authority shall offer for sale tokens and may, except as...
• 553-i - Marine Parkway Bridge; Tokens.
  Notwithstanding any inconsistent provision of law, but subject to agreements with noteholders and bondholders, the authority shall offer for sale tokens and may, except as...
• 554 - Transfer of Officers and Employees.
  1. Officers and employees of any board or department in or of the city may be transferred to the authority, and shall be eligible for...
• 555 - Selection of Site.
  Notwithstanding any provisions of any other statute, the authority in conjunction with the commissioner of parks of the city or his successor, the commissioner of...
• 556 - Acquisition of Lands by the City for the Project.
  The city shall have power to acquire by purchase, or by condemnation in the manner provided by chapter twenty-one of the Greater New York charter,...
• 557 - Grant of Land by the City to the Authority.
  The city shall have power and authority by resolution of the board of estimate of the city to assign to the authority, without consideration, any...
• 557-a - Lands, Easements and Rights in Land.
  1. Lands in fee simple, easements and rights in land, including the right to cut off light, air and access (any and all of which...
• 558 - Consent of State.
  1. The state of New York does hereby agree (a) to the use by the authority, so long as its corporate existence shall continue, of...
• 559 - Construction Contracts.
  The authority shall do all construction pursuant to a contract or contracts in the manner, so far as practicable, provided in the charter of the...
• 560 - Moneys of the Authority.
  All moneys of the authority from whatever source derived shall be deposited as soon as practicable in banks or trust companies to be designated by...
• 561 - Bonds of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue its negotiable bonds in conformity with applicable provisions...
• 562 - Redemption of Bonds.
  Notwithstanding and in addition to any provisions for the redemption of bonds which may be contained in any contract with the holders of the bonds,...
• 563 - Agreement of the State.
  1. The state of New York does pledge to and agree with (a) the holders of the bonds that the state will not limit or...
• 564 - State and City Not Liable on Bonds.
  The bonds and other obligations of the authority shall not be a debt of the state of New York or city, and neither the state...
• 565 - Bonds Legal Investments for Fiduciaries.
  The bonds are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies...
• 566 - Exemptions From Taxation.
  It is hereby found, determined and declared that the creation of the authority and the carrying out of its corporate purposes is in all respects...
• 566-a - Tax Contract by the State.
  1. It is hereby found, determined and declared that the authority and the carrying out of its corporate purposes is in all respects for the...
• 567 - Remedies of Bondholders.
  1. In the event that the authority shall default in the payment of principal of or interest on any issue of the bonds after the...
• 568 - Continuity of Jurisdiction.
  The authority shall be deemed and held to constitute a continuation, as to matters within its jurisdiction, of the department of plant and structures of...
• 569 - Protection of Prior Bondholders.
  Nothing in this title contained shall be deemed in any way to limit or alter the rights vested in the authority to establish and collect...
• 569-a - Actions Against the Authority.
  1. In every action against the authority for damages, for injuries to real or personal property, or for the destruction thereof, or for personal injuries...
• 569-b - Restrictions on Signs and Billboards.
  1. No outdoor advertising sign or device which refers to any subject other than the business actually conducted on the premises or to sale or...
• 569-c - Transfer and Receipt of Surplus Funds.
  Notwithstanding any provision of this title or any other provision of law, general, special or local, the authority shall, at the direction of the metropolitan...
• 569-d - Protection of Bondholders.
  Nothing in this title contained shall be deemed to limit or alter in any way the rights and obligations of the authority to establish and...
• 570 - Title Not Affected If in Part Unconstitutional or Ineffective.
  If any section, clause or provision of this title shall be unconstitutional or be ineffective in whole or in part, to the extent that it...
• 571 - Inconsistent Provisions in Other Acts Superseded.
  Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of any local law of...

Last modified: February 3, 2019