§ 1269. Notes, bonds and other obligations of the authority. 1. (a)\nThe authority shall have power and is hereby authorized from time to\ntime to issue its bonds, notes and other obligations in such principal\namount as, in the opinion of the authority, shall be necessary,\nconvenient or desirable to effectuate any of its powers and purposes,\nincluding to provide sufficient funds for achieving its purposes,\nincluding the acquisition, establishment, construction, effectuation,\noperation, maintenance, renovation, improvement, extension,\nrehabilitation or repair of any transportation facility, the payment of\nprincipal, redemption premium and interest on bonds, notes and other\nobligations of the authority, establishment of reserves to secure such\nbonds notes and other obligations, the provision of working capital and\nall other expenditures of the authority and its subsidiary corporations,\nand New York city transit authority and its subsidiary corporations\nincident to and necessary or convenient to carry out their purposes and\npowers. Such bonds, notes or other obligations may be issued for an\nindividual transportation facility or issued on a consolidated basis for\nsuch groups or classes of facilities and projects as the authority in\nits discretion deems appropriate and be payable from and secured\nseparately or on a consolidated basis by, among other things, all or any\nportion of such revenues and other monies and assets of the authority\nand its subsidiary corporations, and New York city transit authority and\nits subsidiary corporations as the authority determines in accordance\nwith the provisions of section twelve hundred seventy-d of this title;\n (b) The authority shall have power, from time to time, to issue\nrenewal notes, to issue bonds to refund, redeem or otherwise pay,\nincluding by purchase or tender, notes of the authority and its\nsubsidiary corporations, and New York city transit authority and its\nsubsidiary corporations and whenever it deems refunding, redemption or\npayment expedient, to refund, redeem or otherwise pay, including by\npurchase or tender, any bonds of the authority and its subsidiary\ncorporations, New York city transit authority and its subsidiary\ncorporations and Triborough bridge and tunnel authority by the issuance\nof new bonds, whether the bonds to be refunded, redeemed or otherwise\npaid have or have not matured, and to issue bonds partly for such\npurpose and partly for any other purpose and to otherwise refund,\nredeem, acquire by purchase or tender, or in any other way repay any\noutstanding notes, bonds or other obligations of the authority, any of\nits subsidiary corporations, New York city transit authority, any of its\nsubsidiary corporations and Triborough bridge and tunnel authority;\n (c) Every issue of its notes, bonds or other obligations shall be\ngeneral obligations or special obligations. Every issue of general\nobligations of the authority shall be payable out of any revenues or\nmonies of the authority, subject only to any agreements with the holders\nof particular notes or bonds pledging any particular receipts or\nrevenues. Every issue of special obligations shall be payable out of any\nrevenues, receipts, monies or other assets of the authority and its\nsubsidiary corporations, the New York city transit authority and its\nsubsidiary corporations and the Triborough bridge and tunnel authority\nidentified for such purposes in accordance with agreements with the\nholders of particular notes, bonds or other obligations. The authority\nmay issue transportation revenue special obligation bonds, notes or\nother obligations as provided in section twelve hundred seventy-d of\nthis title;\n 1-a. Pension obligation bonds. The authority may from time to time\nissue its bonds and notes in such principal amounts as, in the opinion\nof the authority, shall be necessary to finance the unfunded pension\nfund liabilities of the authority, its affiliates and subsidiarie
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