§ 1270-a. Metropolitan transportation authority special assistance\nfund. 1. The authority shall create and establish a fund to be known as\nthe "metropolitan transportation authority special assistance fund"\nwhich shall be kept separate from and shall not be commingled with any\nother moneys of the authority. The special assistance fund shall consist\nof three separate accounts: (i) the "transit account", (ii) the\n"commuter railroad account" and (iii) the "corporate transportation\naccount".\n The authority shall make deposits in the transit account and the\ncommuter railroad account of the moneys received by it pursuant to the\nprovisions of subdivision one of section two hundred sixty-one of the\ntax law in accordance with the provisions thereof, and shall make\ndeposits in the corporate transportation account of the moneys received\nby it pursuant to the provisions of subdivision two of section two\nhundred sixty-one of the tax law and section ninety-two-ff of the state\nfinance law. The comptroller shall deposit, without appropriation, into\nthe corporate transportation account the revenue fees, taxes, interest\nand penalties collected in accordance with paragraph (b-1) of\nsubdivision two of section five hundred three of the vehicle and traffic\nlaw, paragraph (c-3) of subdivision two of section five hundred three of\nthe vehicle and traffic law, article seventeen-C of the vehicle and\ntraffic law, article twenty-nine-A of the tax law and section eleven\nhundred sixty-six-a of the tax law.\n 2. Moneys in the transit account may be pledged to the Triborough\nbridge and tunnel authority to secure bonds and notes and, if so\npledged, shall be paid to the Triborough bridge and tunnel authority in\nsuch amounts and at such times as necessary to pay or to reimburse that\nauthority for its payment of debt service and reserve requirements on\nthat portion of special Triborough bridge and tunnel authority bonds and\nnotes issued by that authority pursuant to section five hundred\nfifty-three-d of this chapter for transit projects undertaken for the\nNew York city transit authority and its subsidiaries. Subject to the\nprovisions of such pledge, any excess monies, or in the event there is\nno such pledge, any moneys in such account shall, at the direction of\nthe metropolitan transportation authority, be (a) deposited into one or\nmore funds or accounts and used as contemplated by section twelve\nhundred seventy-d of this title or (b) used for the payment of operating\nand capital costs of the New York city transit authority and its\nsubsidiaries and the Staten Island rapid transit operating authority.\n 3. The authority shall transfer in nineteen hundred eighty-seven up to\ntwenty million dollars of the moneys in the commuter railroad account to\nthe suburban transportation fund in accordance with the terms of an\nagreement between the authority and the department of transportation\nwith respect thereto, established herein, and pursuant to section\neighty-eight-b of the state finance law. In subsequent years the\nauthority shall transfer twenty million dollars of the moneys in the\ncommuter railroad account to the suburban transportation fund in\naccordance with the terms of an agreement between the authority and the\ndepartment of transportation with respect thereto, established herein,\nand pursuant to section eighty-eight-b of the state finance law.\n In the event the transfer to the suburban transportation fund provided\npursuant to this subdivision results in an operating deficit, as\ncertified by the director of the division of the budget, in consultation\nwith the authority, that portion of the deficit attributable to such\ntransfer shall be appropriated from the general fund to the authority\nfor commuter railroad operating purposes, provided, however, that such\nappropriation shall not exceed twenty million dollars.\n The remaining moneys in the commuter railroad account may be pledged\nto the Triborough bridge a
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