Authorizes the city of New York to establish a residential parking system in the postal designation and area of Queens village near the UBS arena

This bill authorizes New York City to create a residential parking permit system in the Queens Village area near the UBS Arena. The system would require residents to purchase permits to park in designated zones, with fees collected and added to the city's general fund. Key provisions exempt registered city vehicles from permit requirements, ensure at least 15% of parking spaces remain available for nonresidents, and mandate a public hearing before the system is implemented. The law specifically excludes commercial and retail properties from permit requirements, allowing unrestricted parking for businesses in those areas.