N.Y. RRD Law § 307

§ 307. Fare changes. 1. In the event it appears at any time to a\nrailroad redevelopment corporation that its operating revenues and other\nincome will not be sufficient during the forthcoming twelve months to\nprovide for the items enumerated in section three hundred six, such\ncorporation may make application to the commissioner of transportation\nfor such changes in its passenger fares and charges (and the\nclassifications, regulations, and practices pertaining thereto) as will,\nin the opinion of such corporation, produce sufficient additional\nrevenues to enable it to provide for such items.\n 2. Such application shall be filed and determined in the manner\nprovided in the transportation law, and shall be accompanied by a\ncertificate of such corporation setting out:\n (a) the name of such railroad redevelopment corporation;\n (b) the date upon which it qualified under this article;\n (c) that the qualification of such railroad redevelopment corporation\nhas not been terminated;\n (d) the basis upon which such corporation has determined that its\nrevenues and other income during said forthcoming twelve months will not\nbe sufficient to provide for the items enumerated in section three\nhundred six; and\n (e) the basis upon which such corporation has determined that such\nchanges will produce the additional revenues required to provide for\nsaid items.\n