New York S05578 changes the split of the New York City Transit Authority's operating surplus between the authority and the Metropolitan Transit.

New York S05578 amends the public authorities law to alter the distribution of the New York City Transit Authority's operating surplus. Previously, the surplus was split evenly between the authority and the Metropolitan Transit Authority. The new law changes this split to 75 percent for the authority and 25 percent for the Metropolitan Transit Authority. This change affects how surplus funds are allocated between the two entities, impacting their respective budgets and operations. The law will take effect 60 days after it becomes a statute.

New York S05578 changes the split of the New York City Transit Authority's operating surplus between the authority and the Metropolitan Transit.

New York S05578 amends the public authorities law to alter the distribution of the New York City Transit Authority's operating surplus. Previously, the surplus was split evenly between the authority and the Metropolitan Transit Authority. The new law changes this split to 75 percent for the authority and 25 percent for the Metropolitan Transit Authority. This change affects how surplus funds are allocated between the two entities, impacting their respective budgets and operations. The law will take effect 60 days after it becomes a statute.