Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
10167
I N S E N A T E
May 4, 2026
___________
Introduced by Sen. SERRANO -- (at request of the Governor) -- read twice
and ordered printed, and when printed to be committed to the Committee
on Rules
AN ACT providing for the administration of certain funds and accounts
related to the 2026-2027 budget, authorizing certain payments and
transfers; and providing for the repeal of such provisions upon the
expiration thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The state comptroller is hereby authorized and directed to
loan money in accordance with the provisions set forth in subdivision 5
of section 4 of the state finance law to the following funds and/or
accounts:
1. Transit authorities account (20851).
2. Railroad account (20852).
3. Non-MTA capital account (20853).
4. Public transportation systems account (21401).
§ 2. Notwithstanding any law to the contrary, and in accordance with
section 4 of the state finance law, the comptroller is hereby authorized
and directed to transfer, upon request of the director of the budget, on
or before March 31, 2027, up to the unencumbered balance or the follow-
ing amounts:
1. $48,850,000 from the general fund to the MTA financial assistance
fund, mobility tax trust account (23651).
§ 3. This act shall take effect immediately; provided however, that
upon enactment of legislation constituting the 2026-27 budget this act
shall cease to have force and effect and shall be deemed repealed.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD12036-01-6Every fact on this page links to its source, starting with the official bill record.