Bill > S05905

This bill requires the Metropolitan Transportation Authority (MTA) to contract with a certified public accounting firm to conduct an independent, comprehensive forensic audit within 60 days of the bill's effective date. The audit must be performed according to government auditing standards and is separate from the MTA's existing annual independent audit. The bill includes several strict provisions to ensure the audit's independence: the accounting firm cannot have provided audit services to the MTA in the previous ten fiscal years, cannot perform any non-audit services for the MTA simultaneously, and cannot employ anyone who previously worked on the MTA's audit. By January 1, 2028, the firm must report its findings, conclusions, and recommendations to various state government officials, including the governor, state comptroller, legislative leaders, and committee chairs. The bill is set to automatically expire on January 2, 2028, meaning the forensic audit requirement will be in effect for a specific, limited time period. This legislation aims to provide a thorough, unbiased review of the MTA's financial operations and practices.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S5905