New York § 503-A - 503-AAdditional powers of the regional off-track betting corporations
Full text of New York New York Consolidated Laws § 503-A — 503-AAdditional powers of the regional off-track betting corporations, with citation guidance and answers to common questions.
§ 503-A. 503-AAdditional powers of the regional off-track betting corporations
§ 503-a. Additional powers of the regional off-track betting corporations. 1. In addition to the powers enumerated in section five hundred three of this article, financially insolvent regional off-track betting corporations, as determined by the commission upon review of certified financial statements, are hereby authorized and may file any petition with any United States district court or court of bankruptcy under any provision of laws of the United States for the composition or adjustment of municipal indebtedness, provided such corporation is authorized by a resolution adopted by a majority of the participating counties to such region, or, for a corporation wholly contained within one county, by a resolution adopted by such county. The provisions of this subdivision shall not apply to the Suffolk regional off-track betting corporation until April first, two thousand fourteen.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 503-A
What does New York Consolidated Laws § 503-A cover?
Section 503-A ("503-AAdditional powers of the regional off-track betting corporations") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 503-A?
A common citation format is "New York Consolidated Laws § 503-A" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 503-A apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.