2006 New York Code - Public Sale Of Taxicab Licenses.

 
    §  19-531  Public  sale of taxicab licenses. Notwithstanding any other
  provision of this chapter to the  contrary,  the  commission  is  hereby
  authorized to issue additional taxicab licenses, provided, however, that
  the  number  of  such  additional  licenses issued shall not exceed four
  hundred. Such additional licenses shall be issued  by  public  sale  and
  shall  be  fully transferable, and shall be subject to the provisions of
  this chapter and of chapter sixty-five of the  New  York  city  charter,
  except  that  they  shall  not  be  subject to the provisions of section
  19-504.1 of this code. The commission shall prescribe by regulation  the
  procedures for the issuance and public sale of such additional licenses,
  by public auction, sealed bids or other competitive process.