Meaning of steady red light with green arrow--Vehicular traffic--Pedestrians

A steady red light with green arrow shall indicate that: (1) Vehicular traffic facing such signal may cautiously enter the intersection only to make the movement indicated by such arrow but shall yield the right - of - way to pedestrians lawfully within a crosswalk and to other traffic lawfully using the intersection; (2) No pedestrian facing such signal shall enter the roadway unless he can do so safely and without interfering with any vehicular traffic. Source: SL 1963, ch 274 , § 2 (4).