§ 553-d. Special Triborough bridge and tunnel authority special
obligation bonds and notes. In addition to the powers contained
elsewhere in this title with respect to the projects authorized by
paragraphs (m), (n), (o), (p) and (r) of subdivision nine of section
five hundred fifty-three of this title, and subject to the application
of the revenues and other monies and assets of the authority pursuant to
section twelve hundred seventy-d of this chapter, the authority may
issue its bonds and notes to finance such projects payable from and
secured by all or any part of the moneys received by the authority from
the metropolitan transportation authority special assistance fund
established under section twelve hundred seventy-a of this chapter,
provided however that such bonds and notes may also be payable from and
secured by any other moneys, securities and funds designated by the
authority as additional security therefor. Debt service on bonds and
notes issued by the authority pursuant to this section which is paid or
reimbursed from moneys received by the authority from the metropolitan
transportation authority special assistance fund shall not be deemed to
constitute debt service incurred by the authority for purposes of
subdivision three of section twelve hundred nineteen-a of this chapter.
Such bonds or notes shall be issued in the manner provided in section
five hundred sixty-one of this title.