Section 53. Financial assistance from and cooperation with the state and federal governments

The Utica transit authority is empowered to include
  in agreements with the state and/or federal governments provisions  that
  such  government  or  governments  shall  have  the  right to approve in
  advance of execution all contracts entered into by the authortiy and  to
  supervise and approve the construction, maintenance and operation of any
  project   to  which  such  government  or  governments  may  render  any
  assistance, and subject to the restrictions contained in  this  article,
  any  other  terms,  covenants  and  provisions  which  the Utica transit
  authority may deem necessary or appropriate.