New YorkS 101672025-2026 Regular SessionSenateWALLET

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

Sponsored By: José M. Serrano (Democratic)

Became Law

RULESWAYS AND MEANS

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Short-term funding boost for public transit

The State Comptroller can lend money to four transit accounts to keep service and projects moving. The accounts are Transit Authorities (20851), Railroad (20852), Non‑MTA Capital (20853), and Public Transportation Systems (21401). Loans follow State Finance Law rules and this act sets no dollar cap. Upon request from the Director of the Budget, the Comptroller can transfer up to $48.85 million from the General Fund to the MTA financial assistance fund, Mobility Tax Trust Account (23651), by March 31, 2027, limited to the unencumbered balance. This authority takes effect now and ends when the 2026–27 budget is enacted.

Sponsors & Cosponsors

Sponsor

José M. Serrano
Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 59 • No: 1

Senate vote • 5/4/2026

FLOOR Vote