New York Statutes
§ 1270 — Reserve funds and appropriations
New York § 1270
JurisdictionNew York
Law PBAPublic Authorities
Title 11Metropolitan Commuter Transportation Authority
Art. 5Public Utility Authorities
This text of New York § 1270 (Reserve funds and appropriations) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Public Authorities § 1270 (2026).
Text
§ 1270. Reserve funds and appropriations. The authority may create and\nestablish one or more reserve funds in accordance with agreements with\nbondholders, noteholders or the holders of other obligations of the\nauthority and may pay into such reserve funds (a) any monies\nappropriated and made available by the state for the purposes of such\nfunds, (b) any proceeds of sale of notes, bonds or other obligations to\nthe extent provided in the resolution of the authority authorizing the\nissuance thereof, and (c) any other monies which may be made available\nto the authority for the purpose of such funds from any other source or\nsources. In lieu thereof, the authority may provide for the deposit\ntherein of, or substitute for moneys on deposit therein, a liquidity or\ncredit facility, sur
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Related
Schulz v. State of New York
639 N.E.2d 1140 (New York Court of Appeals, 1994)
Schulz v. State
193 A.D.2d 171 (Appellate Division of the Supreme Court of New York, 1993)
Nearby Sections
15
§ 1200
Definitions§ 1203-A
Subsidiary corporation§ 1203-B
Transfer of funds§ 1204-A
Rapid transit noise code§ 1204-C
Receipt of line of duty pay§ 1204-D
Special powers of the authority§ 1204-F
Subway track safety§ 1205-A
Surrender of power plants§ 1206
Omnibus operationsCite This Page — Counsel Stack
Bluebook (online)
New York § 1270, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/1270.