Section 601. Declaration of policy and statement of purposes

It is hereby
  found, determined and declared:
    1. That the New York  state  off-track  pari-mutuel  betting  law  was
  created by a chapter of the laws of nineteen hundred seventy;
    2.  That  the New York state off-track pari-mutuel betting commission,
  established by such law, was authorized  to  approve  the  operation  of
  off-track  pari-mutuel betting systems by public benefit corporations in
  participating municipalities;
    3. That the operation of an off-track pari-mutuel betting system by  a
  public  benefit  corporation  in  New  York city, in accordance with the
  provision of the New York state off-track pari-mutuel  betting  law,  is
  deemed to be a matter of state concern and a public purpose which cannot
  be adequately attained except by the powers of government, and that such
  public  benefit corporation in the exercise of the powers conferred upon
  it by this article, will perform a governmental function.