Section 1003. Trustees

The authority shall consist of seven trustees, five
  of whom shall serve respectively for terms of one, two, three, four  and
  five  years, to be appointed by the governor, by and with the advice and
  consent of the senate. The sixth and seventh trustees shall be appointed
  by the governor, by and with the advice and consent of the  senate,  and
  shall  serve  initial  terms  of  one  and  two years respectively. Each
  trustee shall hold office until  a  successor  has  been  appointed  and
  qualified.  At  the  expiration  of the term of each trustee and of each
  succeeding trustee the governor  shall,  by  and  with  the  advice  and
  consent  of the senate, appoint a successor, who shall hold office for a
  term of five  years,  or  until  a  successor  has  been  appointed  and
  qualified.  In  the  event  of  a vacancy occurring in the office of the
  trustee by death, resignation or otherwise, the governor shall,  by  and
  with  the  advice  and  consent  of the senate, appoint a successor, who
  shall hold office for the unexpired term. Four trustees shall constitute
  a quorum for the purpose of organizing the authority and conducting  the
  business thereof.
    The  trustee  chosen  as  chairman as provided in section one thousand
  four of this title, shall receive an annual salary which shall be set by
  the trustees of the authority, and which shall  not  exceed  the  salary
  prescribed  for the positions listed in paragraph (f) of subdivision one
  of section one hundred sixty-nine  of  the  executive  law.  Each  other
  trustee  shall  not receive a salary or other compensation. Each trustee
  shall receive his or her reasonable expenses in the performance  of  his
  or  her  duties  hereunder.  The trustee chosen as chairman may elect to
  become a member of the New York state and  local  employees'  retirement
  system  on  the  basis  of such compensation to which he or she shall be
  entitled as  herein  provided  notwithstanding  the  provisions  of  any
  general, special or local law, municipal charter, or ordinance.