Section 553-H. Tokens

Notwithstanding any inconsistent provision of law,
  but  subject  to  agreements  with  noteholders  and  bondholders,   the
  authority  shall  offer  for  sale  tokens  and may, except as otherwise
  provided herein, regulate the use thereof. Such tokens shall entitle the
  purchaser to crossings over the Cross-Bay Veteran's Memorial bridge at a
  reduced cost of sixty-six and  two-thirds  per  centum  of  the  regular
  crossing  fare  imposed.  In  the  event  the  authority  shall impose a
  surcharge in addition  to  the  regular  toll  for  crossings  over  the
  Cross-Bay  Veteran's Memorial bridge, such surcharge shall not be deemed
  a part of the regular crossing fare for purposes of  this  section,  and
  the  tokens or other payment devices offered for sale shall also entitle
  purchasers who are residents of Broad Channel or the Rockaway  peninsula
  to  a  permanent  exemption from the payment of any such surcharge in an
  amount equal to the amount of any such surcharge imposed during calendar
  year nineteen hundred ninety-three. Application for such tokens or other
  payment devices shall be made  in  such  manner  as  prescribed  by  the
  authority  and  shall  contain  such  information  as  the authority may
  reasonably require.