New Jersey Acts Saved from Repeal ACTS SAVED 32 § 2-27(137)

4. Subject to the payment of the costs and expenses of the operation and maintenance of said tunnel, and to the accumulation and maintenance of the aforesaid reserve fund, as above provided, the Port of New York Authority shall hold one-half of the balance of the net revenues from said tunnel as agent for the state of New Jersey, and one-half as agent for the state of New York, and shall from time to time pay over or dispose of the share of each state as may be required by the laws of such state, now existing or hereafter enacted. To the extent that the state of New York has heretofore directed the New York State Bridge and Tunnel Commission to make payments to the Port of New York Authority in aid of bridge construction out of the share of that state in the tolls and revenues from said tunnel, the Port of New York Authority shall retain such moneys from the share of said state and apply them to the purposes for which such payments were directed.