2015 New York Laws
PBA - Public Authorities
Article 5 - PUBLIC UTILITY AUTHORITIES
Title 11-D - (1325 - 1348) CENTRAL NEW YORK REGIONAL TRANSPORTATION AUTHORITY
1331 - General powers of the authority.

  1331.  General  powers  of  the  authority.  A. Except as otherwise
  limited by this title, the authority shall have power:
1. To sue and be sued;
2. To have a seal and alter the same at pleasure;
3. To  borrow  money  and  issue  negotiable  notes,  bonds  or  other
  obligations and to provide for the rights of the holders thereof;
4. To invest any funds held in reserve or sinking funds, or any monies
  not required for immediate use or disbursement, at the discretion of the
  authority,  in  obligations of the state or the United States government
  or obligations the principal and interest of which are guaranteed by the
  state or the United States government, or in certificates of deposit  or
  other  interest  bearing depository accounts in banks or trust companies
  in this state if the certificate or account is secured by obligations of
  the United States or of the state of a market value equal at  all  times
  to the amount of the deposit;
5.  To  make  and  alter  by-laws  for  its  organization and internal
  management, and rules and regulations  governing  the  exercise  of  its
  powers and fulfillment of its purposes under this title;
6.  To  enter into contracts and leases and to execute all instruments
  necessary or convenient;
7. To acquire, hold and dispose of real or personal  property  in  the
  exercise of its powers;
8.  To  appoint  a general manager, who shall serve at the pleasure of
  the authority, and such officers and  employees  as  the  authority  may
  require  for  the  performance  of  its duties, and to fix and determine
  their qualifications, duties, and compensation and to retain  or  employ
  counsel,  auditors,  engineers,  and  private  consultants on a contract
  basis or otherwise for rendering professional, management  or  technical
  services and advice; such general manager, counsel, auditors, engineers,
  and  private  consultants, officers and employees may not be a member of
  the authority;
9. (a) Notwithstanding section one hundred thirteen of the  retirement
  and  social  security  law  or  any  other  general  or special law, the
  authority and any of its subsidiary corporations may continue or provide
  to its affected officers and employees any retirement, disability, death
  or other benefits provided or required for railroad  personnel  pursuant
  to  federal  or  state  law. Notwithstanding any provisions of the civil
  service law, no officer or employee of a subsidiary corporation, of  the
  authority,  other than a public benefit subsidiary corporation, shall be
  a public officer or a public employee;
(b)  The  authority  and  any  of  its   public   benefit   subsidiary
  corporations  may  be  a  "participating employer" in the New York state
  employees' retirement system with respect to  one  or  more  classes  of
  officers  and  employees  of  such  authority or any such public benefit
  subsidiary corporation,  as  may  be  provided  by  resolution  of  such
  authority or any such public benefit subsidiary corporation, as the case
  may  be, or any subsequent amendment thereof, filed with the comptroller
  and accepted by him pursuant to section thirty-one of the retirement and
  social security law. In taking any action  pursuant  to  this  paragraph
  (b), the authority and any of its public benefit subsidiary corporations
  shall consider the coverages and benefits continued or provided pursuant
  to paragraph (a) of this subdivision;
10.  To  make  plans,  surveys,  and  studies necessary, convenient or
  desirable to  the  effectuation  of  the  purposes  and  powers  of  the
  authority and to prepare recommendations in regard thereto;
11. To enter upon such lands, waters or premises as in the judgment of
  the  authority may be necessary, convenient or desirable for the purpose
  of making surveys, soundings, borings and examinations to accomplish any

  purpose authorized by this title, the authority being liable for  actual
  damage done;
12.  The  authority  may  conduct  investigations  and hearings in the
  furtherance of its general purposes, and in aid thereof have  access  to
  any  books,  records or papers relevant thereto; and if any person whose
  testimony shall be required for the proper performance of the duties  of
  the authority shall fail or refuse to aid or assist the authority in the
  conduct  of  any  investigation  or  hearing, or to produce any relevant
  books, records or other papers, the authority is authorized to apply for
  process of subpoena, to issue out  of  any  court  of  general  original
  jurisdiction whose process can reach such person, upon due cause shown;
13.  To  do all things necessary, convenient or desirable to carry out
  its purposes and for the exercise of the powers granted in this title;
14.  To  enter  into  collective  bargaining  agreements  with   labor
  representatives duly elected by the employees of the authority;
15. To insure or provide for the insurance of the authority's property
  or  operations  as  required by law and also against such other risks as
  the authority may deem advisable.
B. The authority shall prepare and file with the commissioner and each
  county of the transportation district an  annual  budget  consisting  of
  projected operating revenues and expenditures for the next fiscal year.
C.  The  authority shall file in the office of the commissioner annual
  reports, after the close of each of the authority's fiscal years,  which
  shall  be  open  to  public  inspection.  Such reports shall include, in
  addition to any  information  which  the  commissioner  may  require,  a
  statement with respect to its operation including the following data:
(a)  Cost  breakdown  of  real  property  acquired  for each system or
  facility acquired or operated by the authority;
(b) Cost breakdown in appropriate units  of  facilities  acquired  for
  each facility acquired or operated by the authority;
(c)  Operating  revenues for each facility acquired or operated by the
  authority;
(d) Operating expenses for each facility acquired or operated  by  the
  authority.
The  authority  shall  also  file  copies  of  such  reports  with the
  legislative body or bodies of the city  of  Syracuse  and  all  counties
  where such authority operates. In addition, the commissioner may request
  the   authority  to  file  interim  reports  with  him  containing  such
  information which he may require  and  the  authority  shall  file  such
  reports.