2016 New York Laws
STF - State Finance
Article 6 - (State Finance) FUNDS OF THE STATE
99-W - Transit assistance for capital investments fund.

*  99-w. Transit assistance for capital investments fund. 1. There is
  hereby established in the joint custody of the state comptroller and the
  commissioner  of taxation and finance a special capital fund to be known
  as the "transit assistance for capital investments fund."
2. The comptroller shall establish the following separate and distinct
  account within the transit assistance for capital investments fund:
Metropolitan transit assistance for capital investments account
3. The transit assistance for capital investments fund  shall  consist
  of all moneys collected therefor or credited or transferred thereto from
  any  other  fund,  account  or  source.  Any  interest  received  by the
  comptroller on moneys on deposit in the transit assistance  for  capital
  investments fund shall be retained in and become a part of such fund.
4.  Moneys  in  the  transit  assistance  for capital investments fund
  shall, following appropriation  by  the  legislature,  be  utilized  for
  capital purposes, including, but not limited to the planning and design,
  acquisition,  construction,  reconstruction,  replacement,  improvement,
  reconditioning,  rehabilitation  and  preservation   of   mass   transit
  facilities,  vehicles,  related  equipment  and  rolling  stock  with an
  average service life of no less than five years.
5. Moneys deposited  into  the  metropolitan  transit  assistance  for
  capital  investments  account  shall  be  available  to the metropolitan
  transportation authority (MTA) and to all  other  public  transportation
  systems    serving    primarily   within   the   metropolitan   commuter
  transportation district, as defined in section twelve hundred  sixty-two
  of  the public authorities law, eligible to receive operating assistance
  under the provisions of section eighteen-b  of  the  transportation  law
  consistent with the uses outlined in subdivision four of this section.
6.  Notwithstanding  any other provision of law, no capital assistance
  payment authorized under  this  section  may  be  applied  to  operating
  expenses.
7.  All  payments  of  money  from  the transit assistance for capital
  investments fund shall be made  in  accordance  with  a  formula  to  be
  established  by  the commissioner of transportation with the approval of
  the director of the budget.
8. All payments of moneys from  the  transit  assistance  for  capital
  investments  fund  shall  be  made  on  the  audit  and  warrant  of the
  comptroller.
* NB There are 2  99-w's