The Triborough Bridge and Tunnel Authority (TBTA), doing business as MTA Bridges and Tunnels, is an affiliate agency of the Metropolitan Transportation Authority that operates seven toll bridges and two tunnels in New York City. In terms of traffic volume, it is the largest bridge and tunnel toll agency in the United States, serving more than a million people each day and generating more than $1.9 billion in toll revenue annually as of 2017. As of 2018, its budget was $596 million, funded through taxes and fees.
Empire State Development (ESD) is the umbrella organization for New York's two principal economic development public-benefit corporations, the New York State Urban Development Corporation (UDC) and the New York Job Development Authority (JDA). The New York State Department of Economic Development (DED) is a department of the New York government that has been operationally merged into ESD.
The New York State Bridge Authority is a public benefit corporation in New York State, United States. The NYSBA was born out of the necessity to build a bridge over the Hudson River to link the city of Hudson and the village of Catskill. It owns, operates, and maintains five Hudson River bridge crossings in the Mid-Hudson River Valley of New York State. It also owns and maintains the Walkway Over the Hudson, but that structure is operated by the New York State Office of Parks, Recreation and Historic Preservation.
The New York Power Authority (NYPA), officially the Power Authority of the State of New York, is a New York State public-benefit corporation. It is the largest state public power utility in the United States. NYPA provides some of the lowest-cost electricity in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. Its main administrative offices are in White Plains.
Long Island Power Authority is a municipal subdivision of the State of New York that owns the electric transmission and electric distribution system serving all of Long Island and a portion of New York City known as the Rockaways. LIPA was originally created under the Long Island Power Act of 1985 to acquire the Long Island Lighting Company (LILCO)'s electric and natural gas infrastructure after the cancellation of the Shoreham Nuclear Power Plant. LIPA acquired LILCO's transmission system in May 1998, while the remainder of LILCO's natural gas-related infrastructure merged with Brooklyn Union Gas to form KeySpan Energy.
The New York State Canal Corporation is a New York State public-benefit corporation responsible for the oversight, administration and maintenance of the New York State Canal System, which consists of the Erie Canal, Cayuga–Seneca Canal, Oswego Canal and Champlain Canal. It is also involved with the development and maintenance of the New York State Canalway Trail and with the general development and promotion of the Erie Canal Corridor as both a tourist attraction and a working waterway. The canal system totals 524 miles in length, and includes 57 locks and 17 lift bridges. The corporation suggests that canal boat travelers reserve 5 days to traverse the Erie Canal portion of the system.
New York state public-benefit corporations and authorities operate like quasi-private corporations, with boards of directors appointed by elected officials, overseeing both publicly operated and privately operated systems. Public-benefit nonprofit corporations share characteristics with government agencies, but they are exempt from many state and local regulations. Of particular importance, they can issue their own debt, allowing them to bypass limits on state debt contained in the New York State Constitution. This allows public authorities to make potentially risky capital and infrastructure investments without directly putting the credit of New York State or its municipalities on the line. As a result, public authorities have become widely used for financing public works, and they are now responsible for more than 90% of the state's debt.
The United Nations Development Corporation (UNDC) is a New York State public-benefit corporation in the U.S. state of New York that helps the United Nations with its real estate, office space, and development needs. It was created in 1968. The UNDC is permitted to develop and operate real estate only within a prescribed area in the vicinity of U.N. headquarters in Manhattan. The boundaries of the Development District and other powers of the Corporation are subject to change to the extent provided by additional legislation.
The Roosevelt Island Operating Corporation (RIOC) is a New York State public-benefit corporation responsible for developing Roosevelt Island, a small island in the East River that is part of the New York City borough of Manhattan.
The Dormitory Authority of the State of New York provides construction, financing, and allied services which serve the public good of New York State. More specifically, as a New York State public-benefit corporation, DASNY provides services for public and non-proprietary private universities in New York State; for not-for-profit healthcare facilities in the State; and for other New York State-related institutions/purposes. Like other public authorities in New York, DASNY has the flexibility to borrow on behalf of the state through legislative authorization, rather than incurring general obligation debt, which requires voter approval.
The New York State Energy Research and Development Authority (NYSERDA), established in 1975, is a New York State public-benefit corporation, located in Albany, New York, with regional offices in New York City, Buffalo, and West Valley.
The New York State Housing Finance Agency (HFA) is a New York State public-benefit corporation created in 1960 to build and preserve affordable multifamily rental housing throughout New York State. HFA sells bonds and uses the proceeds to make mortgages to affordable housing developers. It and its subsidiaries are now administered by New York State Homes and Community Renewal.
The State University Construction Fund is a New York State public-benefit corporation that addresses the construction and capital planning needs of the State University of New York and affiliated institutions.
A Municipal Assistance Corporation (MAC) was an independent New York State public-benefit corporation created by the State of New York for purposes of providing financing assistance and fiscal oversight of a fiscally-distressed city. Two MACs are explicitly designated under New York law.
The New York Local Government Assistance Corporation is a New York state public-benefit corporation created in 1990 to issue bonds to decrease the state's reliance on short term loans.
The New York Wine/Grape Foundation is a New York State public-benefit corporation. Its mission is to provide an effective and continuous program of research, promotion and education to strengthen New York State's wine and grape industry's position in the marketplace. As of 2018, it had an 8 member staff and a 20 member board of directors.
The State of New York Municipal Bond Bank Agency was a New York State public-benefit corporation created in 1972 by the state legislature to offer municipalities increased access to the bond market by creating an alternate method by which they could sell their general obligation bonds. MBBA was authorized to issue up to $1 billion of its bonds and to use the proceeds to buy bonds issued by municipalities. Following its creation there was insufficient interest by municipalities to use MBBA's financial services. In 1991 the cities of Buffalo and Rochester entered into agreements with MBBA to sell their bonds to MBBA in order to refund excess property taxes paid by residents of those cities. In 2017, it had operating expenses of $640,000, an outstanding debt of $402 million, and a staffing level of 269 people
The Tobacco Settlement Financing Corporation is a New York State public-benefit corporation that is administered by New York State Homes and Community Renewal. It used to be a subsidiary to the State of New York Municipal Bond Bank Agency. The Tobacco Settlement Financing Corporation was created as a separate legal subsidiary of the New York State Municipal Bond Bank Agency to securitize a portion of the State's future revenues from its share of the 1998 Master Settlement with the participating cigarette manufacturers in order to make a $4.2 billion payment to State's General Fund. During calendar year 2003, the Tobacco Settlement Financing Corporation issued bonds and remitted the $4.2 billion payment to the State. In 2017, it had operating expenses of $2.94 million, no outstanding debt, and a staffing level of 267 people.
The Development Authority of the North Country (DANC) is a New York State public-benefit corporation. It was created in 1985 by the New York State Legislature to develop and manage the infrastructure needed to support the reactivation of the 10th Mountain Division at Fort Drum, and to serve the common interests of Jefferson, Lewis and St. Lawrence counties. DANC owns and operates a number of revenue-based infrastructure facilities including water and wastewater facilities, a fiber optic network and a regional landfill. Its staff manages a range of business and housing loan programs that encourage growth and contribute to the prosperity of communities. Its staff also provides fee-based technical services to municipalities including consolidation studies, Geographic Information System hosting and the management of water and wastewater facilities.
The Hudson River-Black River Regulating District (HRBRRD) is a New York state public-benefit corporation that traces its formation to the creation of the Black River Regulating District in 1919, and the Hudson River Regulating District in 1922 in response to the severe historical flooding of the cities of Albany, Green Island, Rensselaer, Troy, and Watervliet by the Sacandaga River and Hudson River and its tributaries. The HRBRRD, formed in 1959 by combining the two entities, collects excess runoff to reduce flooding impacts in the Hudson River and Black River basins, and releases this captured water gradually during periods of low river flow to maintain water quality in each river basin. This system was designed to reduce damage from spring storms and snowmelt, including disease and destruction of life and property, and to improve river navigation and public sanitation. The HRBRRD was also formed with hydroelectric generation in mind. It owns and operates several dams - including the Conklingville Dam which formed the Great Sacandaga Lake - and reservoirs.
