New York Laws
Title 3 - Triborough Bridge Authority
553-A - Additional Powers in Relation to Brooklyn Richmond Project.

(a) the acquisition of such land, easements and rights in land for,
and the design, construction and financing of, the Narrows bridge
project by the port authority, including the payment therefor by the
authority and the transfer of title thereto and the right of possession
and use thereof, provided, however, that the agreement shall contain
provisions as to the land, easements and rights in land to be acquired,
and that such provisions of such agreement shall be subject to the
approval of the mayor of the city, and provided further that such
agreement shall provide that no other land, easements or rights in land
will be acquired for Narrows bridge purposes by the port authority.
(b) the construction, with the consent of the city, either by the
authority or the port authority, of new parks, parkways, highways, or
improvements to existing parks, parkways or highways, either connecting
directly or indirectly with the Narrows bridge project, for the purpose
of attracting or facilitating traffic or improving approaches to and
connections with such project, and the acquisition of land, easements
and rights in land therefor,
(c) leasing the Narrows bridge project, in whole or in part, by the
authority from the port authority and the payment by the authority of
rents or other payments therefor, and for the operation, maintenance,
construction and reconstruction thereof by the authority pursuant to and
to the extent provided by the terms of such agreement for leasing,
(d) charging and fixing tolls, fees and rentals for the use of such
project, sufficient to provide for the payment by the authority of the
costs of construction, maintenance and operation thereof and all rents
and other payments under any such agreement for leasing, for the payment
of the principal of and interest on any bonds or other obligations to be
issued by the authority to pay the cost of such project and all other
payments to be made by the authority including reserves and sinking
funds therefor, in accordance with any such agreement for leasing or
other agreement made between the port authority and the authority in
connection with such project,
(e) securing the payment of rents and other payments under any such
agreement for leasing, or other agreement made between the port
authority and the authority in connection with such project, by pledging
such tolls, fees, rentals and revenues of such project and providing for
the use and disposition of such tolls, fees, rentals and revenues, and
for the setting aside of reserves or sinking funds and the regulation
and disposition thereof, and, subject to and in accordance with all
contract provisions with respect to any bonds, by pledging for such
security tolls, fees, rentals and revenues of any or all of the
projects,
(f) limiting the construction by the authority of vehicular crossings
between Brooklyn and Richmond,
(g) acquiring from the port authority all or any part of the right,
title and interest of the port authority in such project and the lands,
easements and rights in land acquired for such project by the port
authority,
(h) defining events of default under such agreement, fixing periods of
grace and providing rights and remedies of the parties in case of
default thereunder including the right to terminate and fix the terms
and conditions for the termination of the same, and
(i) any other matters of like or different character for the
protection of the interest of the port authority or the authority or the
respective holders of bonds thereof or the public with respect to the
acquisition, construction, reconstruction, improvement, operation or
maintenance of the Narrows bridge project.
2. The authority shall have power to do any acts or things, transfer
such rights or interests and execute and deliver such papers as the
authority may deem necessary or desirable to carry out any of the
foregoing.
3. The authority, so long as its corporate existence shall continue,
shall have power to operate, maintain, construct, improve and
reconstruct the Narrows bridge project and to exercise all of the powers
herein granted to the authority with respect to the Narrows bridge
project in connection with any agreements between the port authority and
the authority or otherwise, and subject to any such agreements shall
have the use and occupancy of any lands, easements or rights in land
acquired in the name of the city for such project. The powers conferred
in this section shall be in addition to and shall not limit the other
powers conferred in this title.