There is a newer version of the New York Consolidated Laws
2006 New York Code - 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.
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