§ 173-g. Approval of permit or amendment by commissioner of
transportation. No terminable permit and no amendment to any existing
license, grant, franchise, permit or consent incorporating therein the
provisions of a terminable permit, shall become operative or effective
until it shall have been approved by the commissioner of transportation.
The commissioner of transportation shall have power to approve any such
terminable permit or amendment, and, upon approval by him, every such
terminable permit or amendment shall be valid and binding as between the
parties thereto as of, from and on the day of the date of the execution
thereof, in all respects and for all purposes therein expressed.