Internal prototype — noindexed, not linked from public navigation yet.

N.Y. PBA Law § 553-D

This is the official text of N.Y. PBA Law § 553-D, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Special Triborough bridge and tunnel authority special obligation bonds and notes

Official statutory text

§ 553-d. Special Triborough bridge and tunnel authority special\nobligation bonds and notes. In addition to the powers contained\nelsewhere in this title with respect to the projects authorized by\nparagraphs (m), (n), (o), (p) and (r) of subdivision nine of section\nfive hundred fifty-three of this title, and subject to the application\nof the revenues and other monies and assets of the authority pursuant to\nsection twelve hundred seventy-d of this chapter, the authority may\nissue its bonds and notes to finance such projects payable from and\nsecured by all or any part of the moneys received by the authority from\nthe metropolitan transportation authority special assistance fund\nestablished under section twelve hundred seventy-a of this chapter,\nprovided however that such bonds and notes may also be payable from and\nsecured by any other moneys, securities and funds designated by the\nauthority as additional security therefor. Debt service on bonds and\nnotes issued by the authority pursuant to this section which is paid or\nreimbursed from moneys received by the authority from the metropolitan\ntransportation authority special assistance fund shall not be deemed to\nconstitute debt service incurred by the authority for purposes of\nsubdivision three of section twelve hundred nineteen-a of this chapter.\nSuch bonds or notes shall be issued in the manner provided in section\nfive hundred sixty-one of this title.\n

Status: in_force · Read it on the official government site

Need a lawyer in New York?

Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.