New York Laws
Title 9 - New York State Thruway Authority
384 - Additional Powers of the Authority to Undertake and Finance Certain Transportation Projects.

(b) The authority is hereby authorized, as an additional corporate
purpose thereof, to issue its bonds, notes and other obligations in
conformity with applicable provisions of the uniform commercial code in
a principal amount necessary to achieve purposes enumerated in paragraph
(a) of this subdivision, including a principal amount necessary to
provide capitalized interest for a period not to exceed six months
subject to the limitations in subdivision three of this section. In
computing the total principal amount of bonds, notes and other
obligations that may at any time be issued for any purpose under this
section, the amount of the outstanding bonds or notes that constitutes
interest under the United States internal revenue code of nineteen
hundred eighty-six, as amended to the effective date of this section,
shall be excluded.
2. All of the provisions of this title, which are not inconsistent
with the provisions of this section, shall apply to the projects and
obligations authorized by this section, including but not limited to the
power to issue renewal notes or refunding bonds.

3. The authority shall make available a total amount of moneys not
exceeding fifty million dollars, exclusive of federal funds and any
state and local moneys which may be available, for capital purposes and
for the other purposes enumerated in this section. The fifty million
dollar amount shall be distributed as follows: (a) (i) an amount not to
exceed fifteen million dollars shall be made available for the project,
or portions thereof, known as the inner harbor project located in
Onondaga county including, but not limited to, dredging of inner harbor,
reconstruction of harbor piers including but not limited to site
preparation, utility lines, and hard edging of the pier, marina
development including the establishment of dock space, parking, hoists,
and lifts, shoreline and west side harbor landscaping, gateway and
finger park development, southern pier freighthouse rehabilitation, and
the reconstruction of Solars Boulevard including design and
construction, excavation, curbing, lighting and paving and
infrastructure projects related thereto; (ii) an amount not to exceed
five million dollars shall be made available for the project, or
portions thereof, known as the intermodal transportation facility
located in Onondaga county and infrastructure projects related thereto;
(b) an amount not to exceed fifteen million dollars shall be made
available for improvements related to the Buffalo inner harbor component
of the horizons waterfront development project, or portions thereof,
generally located in and around Erie county, and the New York state
canal system generally located along the Erie canal in Erie and Niagara
counties. The horizons waterfront development project improvements shall
include the inner harbor project generally located in the city of
Buffalo in the vicinity of the foot of Main street on the Buffalo river
and may include, but not be limited to, the development of an
automobile, bus, rail, water taxi, cycling, and pedestrian intermodal
transportation hub and the waterfront area which will be serviced,
including but not limited to design, environmental studies, real estate
acquisition, construction, reconstruction, construction inspection,
landscaping, excavation and dredging, enhancement related improvements
and infrastructure improvements related thereto. The improvements to the
New York state canal system may include but not be limited to
construction, reconstruction, and development, terminal wall
rehabilitation, transient docking, boater services, landscaping, and
signage in the city of Tonawanda and the city of North Tonawanda; and
(c) an amount not to exceed fifteen million dollars shall be made
available for the project, or portions thereof, known as the Stewart
airport access project located in Orange county to provide direct access
to Stewart international airport from interstate eighty-four in the
vicinity of the airport.

Structure New York Laws