§ 1202. Purposes of the authority. 1. The purposes of the authority
shall be the acquisition of the transit facilities operated by the board
of transportation of the city, the operation of transit facilities in
accordance with the provisions of this title for the convenience and
safety of the public on a basis which will enable the operations
thereof, exclusive of capital costs, to be self-sustaining, and, in
coordination with the metropolitan transportation authority and the
Triborough bridge and tunnel authority, the continuance, further
development and improvement of commuter transportation and other
services related thereto within the metropolitan commuter transportation
district and the development and implementation of a unified mass
transportation policy for such district.

2. It is hereby found and declared that such purposes are in all
respects for the benefit of the people of the state of New York and the
authority shall be regarded as performing a governmental function in
carrying out its corporate purpose and in exercising the powers granted
by this title.