N.Y. Transportation Law § 300: Declaration of policy

§ 300. Declaration of policy. In order to assure effective discharge

of state responsibility with respect to the provision of adequate mass

transportation services to the inhabitants of the State, the department

may enter into an agreement with any municipal corporation to pay on

behalf of the State a share of the project cost of any municipal project

undertaken in accordance with the provisions of any federal grant or

project approval received from the Federal Urban Mass Transportation

Administration or the Federal Highway Administration.

The state share of a municipal project undertaken with federal

assistance from the Federal Urban Mass Transportation Administration or

the Federal Highway Administration may be fifteen percent of the project

cost.

In the event a municipal propect is undertaken with federal assistance

as authorized by the Federal Aid Highway Act of l973, and the federal

assistance provided is less than eighty percent of the project cost, the

state share may be increased by an amount equivalent to the difference

between the federal assistance received and eighty percent of the

project cost provided, however, that the maximum state share of any

municipal project shall not exceed twenty-five percent of the project

cost.