Requires subsidiaries of certain transportation authorities and their employees to submit all unresolvable contract negotiations to binding arbitration

This bill requires subsidiaries of major New York transportation authorities and their employees to use binding arbitration for contract disputes that cannot be resolved through negotiation. When negotiations fail, the bill mandates the creation of a three-person arbitration panel consisting of representatives from the employer, the employee organization, and a neutral public member selected through a specific process. The legislation applies to the New York City Transit Authority, the Metropolitan Transportation Authority, and several upstate regional authorities, ensuring that unresolved labor issues are settled by an impartial panel rather than remaining in limbo. Costs for the arbitration process are shared between the employer and the employee organization, with the public member serving as the panel's chair.