Relates to the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers

Temporary funding for New York transit

Effective immediately, the state comptroller can lend to four accounts: Transit Authorities, Railroad, Non-MTA Capital, and Public Transportation Systems. Loans must follow State Finance Law section 4(5); the law sets no loan amount. At the budget director’s request, the comptroller must transfer up to $48.85 million from the General Fund by March 31, 2027. The money goes to the MTA Financial Assistance Fund’s Mobility Tax Trust Account, subject to the available, uncommitted balance. Both powers end automatically when legislation making up the 2026–27 budget becomes law.