Section 2799-EE. General powers of the authority

Except as otherwise
  limited by this title, the authority shall have the following powers  in
  addition  to  those specially conferred elsewhere in this title, subject
  only to agreements with bondholders:
    1. to sue and be sued;
    2. to have a seal and alter the same at pleasure;
    3. to make and alter by-laws for its organization and management  and,
  subject  to agreements with its bondholders, to make and alter rules and
  regulations governing the exercise of its powers and fulfillment of  its
  purposes under this title;
    4.  to  make  and  execute  contracts  and  all  other  instruments or
  agreements necessary or convenient to carry out any powers and functions
  expressly given in this title;
    5. to commence any action to protect or enforce  any  right  conferred
  upon it by any law, contract or other agreement;
    6.  to  borrow  money  and  issue bonds, or to refund the same, and to
  provide for the rights of the holders of its obligations;
    7. to accept  gifts,  grants,  loans  or  contributions  of  funds  or
  financial  or  other  aid  in  any  form from the city, state or federal
  government or any agency or instrumentality thereof, or from  any  other
  source  and  for  any  of  its corporate purposes in accordance with the
  provisions of this title;
    8. to invest any funds held in reserves or sinking funds, or any funds
  not required for immediate use or disbursement, at the discretion of the
  authority, in obligations which may,  from  time  to  time,  be  legally
  purchased  by  the  city  pursuant  to  section  eleven  of  the general
  municipal law;
    9. to pledge all or any part of  its  revenues  as  security  for  the
  payment  of the principal of and interest on any bonds so issued and any
  agreements made in connection therewith;
    10. to appoint such officers and employees as it may require  for  the
  performance of its duties and to fix and determine their qualifications,
  duties, and compensation, subject to the provisions of the civil service
  law, the rules of the civil service commission of the city, the New York
  city  collective  bargaining  law  and  applicable collective bargaining
  agreements, and to  retain  or  employ  counsel,  auditors  and  private
  financial  consultants  on  a  contract basis or otherwise for rendering
  professional or technical services and advice;
    11. to do any and all things necessary or convenient to carry out  its
  purposes  and  exercise  the  powers expressly given and granted in this
  title provided, however, such authority  shall  under  no  circumstances
  acquire,   hold  or  transfer  title  to,  lease,  own  beneficially  or
  otherwise, manage, operate or otherwise exercise control over  any  real
  property, any improvement to real property or any interest therein other
  than  a  lease  of  office  space  deemed  necessary or desirable by the
  authority.