N.Y. State Finance Law § 201-c: Qualified transportation fringe benefit program for employees of the city university of New York

§ 201-c. Qualified transportation fringe benefit program for employees

of the city university of New York. 1. The city university of New York

is authorized to establish a qualified transportation fringe benefit

program consistent with section 132 of the internal revenue code and

regulations adopted pursuant thereto.

2. Following the establishment of a qualified transportation fringe

benefit program as authorized by subdivision one of this section,

employees of the city university of New York shall be permitted to use

pre-tax earnings to purchase qualified transportation benefits, in

accordance with federal law and shall thereupon be entitled to such

personal income tax benefits as may be authorized by such law.