N.Y. Transportation Law § 34: General powers and duties of the fund

§ 34. General powers and duties of the fund. The fund shall have the

following powers in addition to those specifically conferred elsewhere

in this article:

1. To sue and be sued;

2. To have a seal and alter the same at pleasure;

3. To make and alter by-laws for its organization and internal

management;

4. With the approval of the comptroller, to prescribe a system of

accounts;

5. To make rules and regulations governing the exercise of its

corporate powers and the fulfillment of its corporate purposes under

this article, which rules and regulations shall be filed with the

secretary of state in the manner provided by section one hundred two of

the executive law;

6. To make and execute contracts, lease agreements, and all other

instruments necessary or convenient for the exercise of its corporate

powers and the fulfillment of its corporate purposes under this article;

7. To do any and all things necessary or convenient to carry out its

corporate purposes and exercise the powers given and granted to it in

this article.