N.Y. Public Authorities Law § 1225-f: General powers of the fund

§ 1225-f. General powers of the fund. The fund shall have the

following powers in addition to those specially conferred elsewhere in

this title: (1) to sue and be sued; (2) to have a seal and alter the

same at its pleasure; (3) to make and alter by-laws for its organization

and internal management; (4) to prescribe a system of accounts for the

fund; (5) to purchase, receive, lease, accept jurisdiction over or

otherwise acquire real or personal property necessary and convenient for

its corporate purposes; to execute and deliver deeds for real property

held in its own name; and to transfer, lease, sublease or otherwise make

such real or personal property available to the transportation authority

or the transit authority or their subsidiaries or to sell or otherwise

to dispose of such real or personal property that, in the judgment of

the fund, is no longer necessary for its corporate purposes; (6) subject

to other provisions of law, to transfer upon such terms and conditions

as is deemed appropriate such sums of money as are not required for

other purposes; (7) to make and execute contracts, leases, subleases and

all other instruments or agreements necessary or convenient for the

exercise of its corporate powers and purposes; (8) with the consent of

the transportation authority or the transit authority to use with or

without compensation the agents, employees and facilities of those

authorities or their subsidiaries; (9) to engage the services of

construction, engineering, architectural, legal and financial

consultants, surveyors and appraisers, on a contract basis or as

employees, for professional service and technical assistance and advice;

(10) to cause, by agreement with the transportation authority, transit

facilities to be planned, designed, constructed, acquired, extended,

reconstructed, rehabilitated, modernized, and otherwise improved, in

accordance with the provisions of this title; (11) to procure such

insurance as is deemed necessary; (12) to accept, administer and

disburse federal and state aid and (13) to do any and all things

necessary or convenient to carry out its corporate powers and purposes.