N.Y. Public Authorities Law § 553-d: Special Triborough bridge and tunnel authority special obligation bonds and notes

§ 553-d. Special Triborough bridge and tunnel authority special

obligation bonds and notes. In addition to the powers contained

elsewhere in this title with respect to the projects authorized by

paragraphs (m), (n), (o), (p) and (r) of subdivision nine of section

five hundred fifty-three of this title, and subject to the application

of the revenues and other monies and assets of the authority pursuant to

section twelve hundred seventy-d of this chapter, the authority may

issue its bonds and notes to finance such projects payable from and

secured by all or any part of the moneys received by the authority from

the metropolitan transportation authority special assistance fund

established under section twelve hundred seventy-a of this chapter,

provided however that such bonds and notes may also be payable from and

secured by any other moneys, securities and funds designated by the

authority as additional security therefor. Debt service on bonds and

notes issued by the authority pursuant to this section which is paid or

reimbursed from moneys received by the authority from the metropolitan

transportation authority special assistance fund shall not be deemed to

constitute debt service incurred by the authority for purposes of

subdivision three of section twelve hundred nineteen-a of this chapter.

Such bonds or notes shall be issued in the manner provided in section

five hundred sixty-one of this title.