Authorizes the city of New York to provide for a residential parking permit system

This bill authorizes New York City to establish a residential parking permit system in specific Brooklyn neighborhoods (including Clinton Hill, Park Slope, and DUMBO) to address traffic hazards and pollution caused by parking shortages. It requires residents to obtain permits for parking in designated areas, exempts vehicles registered under Vehicle and Traffic Law § 404-a, and mandates that at least 20% of spaces remain available for nonresidents with short-term parking options. Fees collected from permits must be paid quarterly to the New York City Transportation Assistance Fund for transit improvements, excluding administrative costs. The system is limited to the specified neighborhoods and expires December 1, 2030.