§ 201-c. Qualified transportation fringe benefit program for employees
of the city university of New York. 1. The city university of New York
is authorized to establish a qualified transportation fringe benefit
program consistent with section 132 of the internal revenue code and
regulations adopted pursuant thereto.
2. Following the establishment of a qualified transportation fringe
benefit program as authorized by subdivision one of this section,
employees of the city university of New York shall be permitted to use
pre-tax earnings to purchase qualified transportation benefits, in
accordance with federal law and shall thereupon be entitled to such
personal income tax benefits as may be authorized by such law.