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 specifically in the Queens Village postal area near UBS Arena. It allows the city council to establish rules requiring permits for residents parking in that zone, while ensuring at least 15% of spaces remain available for nonresidents and providing 60-minute short-term parking. The system must include public hearings, exempt certain registered vehicles, set fee schedules, and credit fees to the city's general fund. It directly affects residents and visitors in that specific Queens neighborhood, aiming to manage parking demand near the arena.