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2019 COMBINED CONTINUING DISCLOSURE FILINGS PURSUANT to SEC RULE 15C2-12 Relating to METROPOLITAN TRANSPORTATION AUTHORITY Dedic

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2019 COMBINED CONTINUING DISCLOSURE FILINGS PURSUANT to SEC RULE 15C2-12 Relating to METROPOLITAN TRANSPORTATION AUTHORITY Dedic 2019 COMBINED CONTINUING DISCLOSURE FILINGS PURSUANT TO SEC RULE 15c2-12 relating to METROPOLITAN TRANSPORTATION AUTHORITY Dedicated Tax Fund Bonds Transportation Revenue Bonds State Service Contract Bonds Special Obligation Taxable Refunding Bonds Hudson Rail Yards Trust Obligations and TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY (MTA BRIDGES AND TUNNELS) General Revenue Bonds Subordinate Revenue Bonds Dated: April 30, 2019 [THIS PAGE INTENTIONALLY LEFT BLANK] INTRODUCTION This book contains the 2019 Combined Continuing Disclosure Filings prepared by Metropolitan Transportation Authority (“MTA”) and Triborough Bridge and Tunnel Authority (“TBTA”) pursuant to various written undertakings made to assist the underwriters in complying with their obligations in accordance with SEC Rule 15c2-12 in connection with the following credits: • MTA Transportation Revenue Bonds, • TBTA General Revenue Bonds, • TBTA Subordinate Revenue Bonds, • MTA Dedicated Tax Fund Bonds, • MTA State Service Contract Bonds, • MTA Special Obligation Taxable Refunding Bonds, and • MTA Hudson Rail Yards Trust Obligations. A roadmap to the continuing disclosure information that MTA or TBTA has contractually agreed to update, in accordance with the respective continuing disclosure agreements in official statements, describing where the materials required may be found in MTA’s Annual Disclosure Statement is set forth at the end of this Introduction. This Annual Information booklet contains the following information: PART I contains the MTA Annual Disclosure Statement (“ADS”). The ADS describes the Related Entities, and includes the information necessary to meet the requirements of the continuing disclosure agreements under MTA and TBTA official statements, offering circulars and remarketing circulars, as applicable, for all credits. PART II includes the following, which are also part of the Annual Continuing Disclosure Filings: • Tab 1 lists, by designation, the various issues of securities outstanding for all credits. • Tab 2 provides certain details of each series and subseries for MTA and TBTA credits, for the issues listed in Tab 1. • Tab 3a lists any material events that have occurred within the past year for all credits. • Tab 3b lists any voluntary disclosures that have been posted within the past year for all credits. APPENDICES • Appendix A — See Part I. • Appendix B — Metropolitan Transportation Authority Consolidated Financial Statements. • Appendix C — New York City Transit Authority Consolidated Financial Statements. • Appendix D — Triborough Bridge and Tunnel Authority Financial Statements. • Appendix E — History and Projection of Traffic, Toll Revenues and Expenses and Review of Physical Conditions of the Facilities of Triborough Bridge and Tunnel Authority. (i) TABLE OF CONTENTS ROADMAP FOR CONTINUING DISCLOSURE PART I - MTA Annual Disclosure Statement – The Related Entities PART II - Outstanding Debt Tab 1. Outstanding Issues of Securities Covered by this Combined Annual Continuing Disclosure Filing .................................................................................. 1 Tab 2. Details of Each Issue of Obligations .................................................................................... 3 Transportation Revenue Bonds .............................................................................................................. 3 TBTA General Revenue Bonds .............................................................................................................. 97 TBTA Subordinate Revenue Bonds ....................................................................................................... 133 Dedicated Tax Fund Bonds .................................................................................................................... 137 Special Obligation Taxable Refunding Bonds ....................................................................................... 159 Hudson Rail Yards Trust Obligations (Schedule 1 to Financing Agreement) ....................................... 161 Tab 3a. Notice of Material Events ..................................................................................................... 195 Tab 3b. Notice of Voluntary Disclosure ............................................................................................ 205 Appendix A – See Part I Appendix B – Metropolitan Transportation Authority Consolidated Financial Statements Appendix C – New York City Transit Authority Consolidated Financial Statements Appendix D – Triborough Bridge and Tunnel Authority Financial Statements Appendix E – History and Projection of Traffic, Toll Revenues and Expenses and Review of Physical Conditions of the Facilities of Triborough Bridge and Tunnel Authority (ii) Roadmap for Continuing Disclosure to the Annual Information Statement As part of all the official statements provided under all of the credits, the continuing disclosure agreements (“CDAs”) require the filing of certain Annual Information with the Electronic Municipal Market Access System (EMMA). The following roadmap indicates where information under these CDAs may be found in this annual report, specifically in the ADS. There is additional information incorporated into the ADS that may not be reflected in the CDAs, so if it is not listed here, see the ADS Table of Contents for the detailed listing. TRANSPORTATION REVENUE ADS Location BONDS Continuing Disclosure Document Caption(s) Heading(s) A. Description of the systems operated by the Related Transportation Entities and their operations. Related Transportation Entities 1. THE RELATED ENTITIES All headings Transit System 1. TRANSIT SYSTEM All headings Commuter System 1. COMMUTER SYSTEM All headings MTA Bus 1. MTA BUS COMPANY All headings B. Description of changes to the fares or fare structures charged to users of the systems operated by the Related Transportation Entities. Transit System 1. REVENUES OF THE 1. Fares and Tolls – Transit System Fares RELATED ENTITIES Commuter System 1. REVENUES OF THE 1. Fares and Tolls – Commuter System Fares RELATED ENTITIES MTA Bus 1. REVENUES OF THE 1. Fares and Tolls – MTA Bus Fares RELATED ENTITIES C. Operating Data of the Related Transportation Entities. Transit System 1. TRANSIT SYSTEM All headings 2. RIDERSHIP AND 1. Transit System (MTA New York City FACILITIES USE Transit and MaBSTOA) Ridership 3. EMPLOYEES, LABOR 1. Transit System RELATIONS AND PENSION AND OTHER POST- EMPLOYMENT OBLIGATIONS Commuter System 1. COMMUTER SYSTEM All headings 2. RIDERSHIP AND 1. Commuter System Ridership FACILITIES USE 3. EMPLOYEES, LABOR 1. Commuter System RELATIONS AND PENSION AND OTHER POST- EMPLOYMENT OBLIGATIONS MTA Bus 1. EMPLOYEES, LABOR 1. MTA Bus RELATIONS AND PENSION AND OTHER POST- EMPLOYMENT OBLIGATIONS 2. RIDERSHIP AND FACILITIES USE 3. EMPLOYEES, LABOR RELATIONS AND PENSION OBLIGATIONS (iii) D. Information regarding the Transit and 1. FINANCIAL PLANS AND 1. Capital Programs – Background and Commuter Capital Programs. CAPITAL PROGRAMS Development 2. Approved 2015-2019 Capital Program 3. 2010-2014 Capital Program 4. 1992-2009 Transit Capital Programs Objectives 5. 1992-2009 Commuter Capital Programs Objectives 6. Climate Bond Standard and Certification Compliance E. Presentation of changes to indebtedness 1. TRANSPORTATION 1. TRB Table 1 issued by MTA under the Transportation REVENUE BONDS 2. TRB Table 2 Resolution, as well as information concerning changes to MTA’s debt service requirements on such indebtedness payable from pledged revenues. F. Information concerning the amounts, 1. REVENUES OF THE 1. Fares and Tolls sources, material changes in and material RELATED ENTITIES 2. State and Local General Operating factors affecting pledged revenues and debt Subsidies service incurred under the Transportation 3. State Special Tax Supported Operating Resolution. Subsidies 4. Metropolitan Transportation Authority Financial Assistance Fund Receipts 5. Urban Taxes for Transit System 6. MTA Bridges and Tunnels Surplus 7. Financial Assistance and Service Reimbursements from Local Municipalities 8. Miscellaneous Revenues G. Additional financial information. See Items E and F above. H. Material litigation relating to any of the 1. LITIGATION 1. MTA foregoing. 2. Transit System 3. Commuter System 4. MTA Bus TBTA GENERAL REVENUE ADS Location BONDS Continuing Disclosure Document Caption(s) Heading(s) A. Certain financial and operating data. 1. TRIBOROUGH BRIDGE 1. MTA Bridges and Tunnels Facilities AND TUNNEL AUTHORITY 2. Authorized Projects of MTA Bridges and Tunnels 2. RIDERSHIP AND 1. MTA Bridge and Tunnels Total Revenue FACILITIES USE Vehicles 2. Toll Rates 3. Competing Facilities and Other Matters 4. E-ZPass 3. EMPLOYEES, LABOR 1. MTA Bridges and Tunnels RELATIONS AND PENSION AND OTHER POST- EMPLOYMENT OBLIGATIONS B. Information regarding the TBTA, Transit and Commuter Capital Programs. (iv) TBTA, Transit and Commuter Systems 1. FINANCIAL PLANS AND 1. Capital Programs – Background and CAPITAL PROGRAMS Development 2. Approved 2015-2019 Capital Program 3. 2010-2014 Capital Program 4. 1992-2009 Transit Capital Programs Objectives 5. 1992-2009 Commuter Capital Programs Objective 6. 1992-2009 MTA Bridges and Tunnels Capital Programs Objectives C. Presentation of changes to indebtedness 1. MTA BRIDGES AND 1. MTA Bridges and Tunnels Senior Table 1 issued by TBTA under the TBTA Senior TUNNELS SENIOR 2. MTA Bridges and Tunnels Senior Table 2 Resolution, as well as information concerning REVENUE BONDS changes to TBTA’s debt service requirements on such indebtedness
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