New York Laws
Title 11 - Metropolitan Commuter Transportation Authority
1270-J - Metropolitan Transportation Authority Commercial Gaming Revenue Fund.

§ 1270-j. Metropolitan transportation authority commercial gaming
revenue fund. 1. The authority shall establish a fund to be known as the
"metropolitan transportation authority commercial gaming revenue fund"
which shall be kept separate from and shall not be commingled with any
other moneys of the authority.

2. The gaming commission shall deposit into the metropolitan
transportation authority commercial gaming revenue fund, without
appropriation, the revenue including taxes collected in accordance with
the relevant provisions of paragraphs (b), (c), (d) and (e) of
subdivision one of section thirteen hundred fifty-two of the racing,
pari-mutuel wagering and breeding law and licensing fees collected in
accordance with the relevant provisions of subdivision three of section
thirteen hundred twenty-one-e of the racing, pari-mutuel wagering and
breeding law.

3. Moneys in the fund may be used by the authority for payment of
operating costs of or for the authority, the New York city transit
authority and their subsidiaries as the authority shall determine,
including debt service. Monies in the fund shall not be pledged to
secure bonds, notes or other obligations of the authority, the New York
city transit authority and their subsidiaries.

4. Nothing contained in this section shall be deemed to restrict the
right of the State to amend, repeal, modify or otherwise alter statutes
imposing or relating to the taxes, interest and penalties, fees and
charges producing revenues for deposit in the metropolitan
transportation authority commercial gaming revenue fund or, if
applicable, any appropriations relating thereto.

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