N.Y. Public Authorities Law § 569-c: Transfer and receipt of surplus funds

§ 569-c. Transfer and receipt of surplus funds. Notwithstanding any

provision of this title or any other provision of law, general, special

or local, the authority shall, at the direction of the metropolitan

transportation authority, from time to time transfer and pay over all or

any part of its surplus funds to (a) metropolitan transportation

authority or (b) New York city transit authority, all in accordance with

the provisions of subdivision twelve of section five hundred fifty-three

of this title and the determination of the proportional allocation of

such amounts of surplus funds so deposited as between the New York city

transit authority and the commuter railroads operated by metropolitan

transportation authority shall be governed by the provisions of section

twelve hundred nineteen-a of this chapter and the authority may accept

and use any moneys transferred and paid over to it by metropolitan

transportation authority or New York city transit authority.