§ 1218. Pending actions and proceedings. 1. Provision shall be made in
the agreement described in section eighteen hundred three of this title
for the assumption by the city of the payment of judgments or claims
based upon a cause of action arising prior to the date of transfer of
transit facilities.

2. This title shall not affect any action or proceeding brought by or
against the board of transportation, transit commission, or the former
transit construction commissioner, public service commission for the
first district, or the board of rapid transit railroad commissioners,
and, upon application by the authority to the court, the authority shall
be substituted as a party in such pending action or proceeding and such
action or proceeding may be prosecuted or defended in the name of the
authority. Any investigation, examination or hearing undertaken,
commenced or instituted by the board of transportation, transit
commission or the former transit construction commissioner or the public
service commission for the first district or the board of rapid transit
railroad commissioners before the time this title takes effect, and
relating to a subject or matter, jurisdiction whereof was conveyed to
the authority, may be conducted to final determination by the authority.