2006 New York Code - Qualified Transportation Fringe Benefit Program For Employees Of The City University Of New York.

 
    § 201-c. Qualified transportation fringe benefit program for employees
  of  the  city university of New York. 1. The city university of New York
  is authorized to establish a  qualified  transportation  fringe  benefit
  program  consistent  with  section  132 of the internal revenue code and
  regulations adopted pursuant thereto.
    2. Following the establishment of a  qualified  transportation  fringe
  benefit  program  as  authorized  by  subdivision  one  of this section,
  employees of the city university of New York shall be permitted  to  use
  pre-tax  earnings  to  purchase  qualified  transportation  benefits, in
  accordance with federal law and shall  thereupon  be  entitled  to  such
  personal income tax benefits as may be authorized by such law.