Public authorities are corporate instruments of the State created by the legislature to further public interests. Each public authority is governed by a separate board of directors. While public authorities are generally legally and administratively autonomous from the State, they vary in their degree of fiscal autonomy.
Some public authorities are completely self-supporting, while others rely on State grants to fund their operations. Much of the long-term debt for which the State is responsible has been issued by a variety of public authorities with a contractual promise from the State to fund the debt service payments.
The benefits of public authorities include their ability to finance public improvements without increasing taxes, to assess fees on users to cover the costs of construction or operation, to avoid the use of broad-based dedicated revenue streams, to finance the public takeover of private enterprises, to avoid improperly politicizing public services by removing certain entities and associated operations from the direct control of elected officials and to provide a more flexible management environment than is typical of government.
http://www.osc.state.ny.us/pubauth/data/index.htm
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