Section 2501. Definitions

As used or referred to in this title, unless a
  different meaning clearly appears from the context, the following  terms
  shall mean and include:
    1. "Amortized value". For securities purchased at a premium above or a
  discount  below par, the value as of any given date obtained by dividing
  the total amount of the premium or discount  at  which  such  securities
  were  purchased  by  the  number  of  days remaining to maturity on such
  securities at the time of such purchase and by multiplying the amount so
  calculated by the number of days having passed since the  date  of  such
  purchase;  and  (a) in the case of securities purchased at a premium, by
  deducting the product thus obtained from the purchase price, and (b)  in
  the  case  of  securities purchased at a discount, by adding the product
  thus obtained to the purchase price.
    2. "Authority". The corporation created by section twenty-five hundred
  three of this title.
    3. "Board of estimate". The board of estimate of the city of New York.
    4. "Bonds". The bonds authorized by this title.
    5. "City". The city of New York.
    6. "City council". The city council of the city of New York.
    7. "Comptroller". The comptroller of the city of New York.
    8. "Corporation counsel". The corporation counsel of the city  of  New
  York.
    9. "Governor". The governor of the state of New York.
    10. "Mayor". The mayor of the city of New York.
    11. "Notes". The notes authorized by the title.
    12.  "Real  property".  Lands, including air and subsurface rights and
  lands under water, structures, franchises and interests in lands and any
  and all things usually included within the  said  terms,  including  not
  only fees simple absolute but also any and all lesser interests, such as
  easements,  rights  of  way,  uses,  leases,  licenses,  and  all  other
  incorporeal heriditaments and every estate, interest or right, legal  or
  equitable,  including  terms  of  years,  and  liens  thereon  by way of
  judgments, mortgages or otherwise, and also claims for  damage  to  real
  estate.
    13.  "Sports  facility". Real property in the city of New York but not
  in the borough of Brooklyn used or to be used primarily for the  conduct
  of sports events, including a sports complex, stadium or arena and other
  related  facilities  suitable  for  the  holding  of  athletic or sports
  events, including parking therefor.
    14. "State". The state of New York.
    * NB (Discontinued-Board of Directors never appointed)