N.Y. Public Authorities Law § 1202: Purposes of the authority

§ 1202. Purposes of the authority. 1. The purposes of the authority

shall be the acquisition of the transit facilities operated by the board

of transportation of the city, the operation of transit facilities in

accordance with the provisions of this title for the convenience and

safety of the public on a basis which will enable the operations

thereof, exclusive of capital costs, to be self-sustaining, and, in

coordination with the metropolitan transportation authority and the

Triborough bridge and tunnel authority, the continuance, further

development and improvement of commuter transportation and other

services related thereto within the metropolitan commuter transportation

district and the development and implementation of a unified mass

transportation policy for such district.

2. It is hereby found and declared that such purposes are in all

respects for the benefit of the people of the state of New York and the

authority shall be regarded as performing a governmental function in

carrying out its corporate purpose and in exercising the powers granted

by this title.