Section 1225-J. Federal, state and other aid

Subject to the provisions of
  chapter ten hundred  seventy-three  of  the  laws  of  nineteen  hundred
  sixty-nine  as  amended  by  a  chapter  of the laws of nineteen hundred
  seventy-two, in the event that  the  transportation  authority  receives
  state  or  federal  or other aid for a transit facility which defrays or
  reimburses expenditures paid for by the city or the fund or made out  of
  the  proceeds  of bonds or notes of the transportation authority secured
  by and payable from rental or other payments receivable from  the  fund,
  the  transportation  authority  shall forthwith pay over to the city the
  entire amount of such aid unless a lease or other agreement between  the
  fund and the transportation authority shall provide otherwise.
    For  the purposes of any law conditioning the receipt of state aid for
  a transit facility on the appropriation, payment or expenditures by  the
  city of a local share of the cost of such transit facility, the proceeds
  of  bonds or notes issued by the transportation authority and secured by
  and payable from a pledge of payments or  rentals  receivable  from  the
  fund  pursuant  to any lease or other agreement between the fund and the
  transportation authority shall be counted toward the fulfillment of such
  local share.