N.Y. PBA Law § 2504

* § 2504. General powers of the authority. In the exercise of the\npowers conferred and the performance of duties imposed upon the\nauthority and subject to limitations contained elsewhere in this title,\nthe authority shall have the following general powers:\n 1. To sue and be sued;\n 2. To have a seal and alter the same at pleasure;\n 3. To make and alter by-laws for the management and regulations of its\naffairs and subject to agreements with bondholders for the regulation of\nany sports facility;\n 4. To make and execute contracts and all other instruments, including\nleases, subleases and evidences of indebtedness necessary or convenient\nto accomplish its corporate purposes;\n 5. To prescribe a system of accounts for the authority;\n 6. To purchase, receive, take by gift, grant, devise, bequest or\notherwise, lease, accept jurisdiction over or otherwise acquire, own,\nhold, manage, operate, improve, employ, use and otherwise deal in and\nwith, real or personal property, necessary or convenient for its\ncorporate purposes;\n 7. To sell or otherwise dispose of personal property held in its\ncorporate name;\n 8. Subject to the approval of the mayor, to execute and deliver deeds\nfor real property held in its corporate name and to transfer, lease,\nsublease or otherwise dispose of or make available real property upon\nsuch terms as shall be agreed upon;\n 9. To accept grants, loans, contributions, subsidies or other forms of\nfinancial assistance from the United States, the state or the city, or\nany agency or instrumentality thereof, and from any other source, and to\nuse same or expend the proceeds thereof for its corporate purposes;\n 10. With the consent of the city to use agents, employees and\nfacilities of the city, including the corporation counsel, paying to the\ncity its agreed proportion of the compensation or costs;\n 11. To appoint officers, agents and employees, to prescribe their\nqualifications and to fix their compensation; subject, however, to the\nprovisions of the civil service law, as hereinafter provided;\n 12. To engage the services of construction, engineering,\narchitectural, legal, financial or other consultants surveyors and\nappraisors, necessary or convenient for its corporate purposes, on a\ncontract basis or as employees, for professional service and technical\nassistance and advice;\n 13. To construct, reconstruct, improve, maintain, or operate or cause\nto be constructed, reconstructed, improved, maintained or operated such\nbuildings, structures, parking and other facilities as may be necessary\nor convenient;\n 14. To fix and collect rents, rates, fees and other charges for\nservice rendered by the authority or for the use of its property;\n 15. To procure such insurance as the authority deems necessary;\n 16. With the consent of the mayor to form or cause to be formed,\nsubsidiary corporations pursuant to any general law of the state\nnecessary or convenient for its corporate purposes;\n 17. To undertake planning, design and feasibility studies in\naccordance with the terms and conditions of any agreement with the city;\nor, subject to the approval of the mayor in accordance with the terms\nand conditions of any agreement to which the city is not a party;\n 18. To enter into agreements with the city and the state and the\nUnited States, or any agency or instrumentality thereof, individual,\nfirm or corporation for any lawful purpose necessary or convenient for\nits corporate purposes; and\n 19. To do all things necessary or convenient for its corporate\npurposes.\n * NB (Discontinued-Board of Directors never appointed)\n