N.Y. Public Authorities Law § 1219: Continuity of jurisdiction

§ 1219. Continuity of jurisdiction. The authority shall be deemed and

held to constitute a continuation, as to matters within its

jurisdiction, of the board of transportation for the purpose of

succession to the rights, powers, duties and obligations of the board of

transportation transferred to such authority. Upon the termination of

the agreement of transfer provided for in section eighteen hundred three

of this title or of any renewal thereof, all the rights and properties

of the authority shall pass to the city and the city shall succeed to

the rights, powers, duties and obligations of the authority.