1. (1) a public authority or other public corporation created pursuant to agreement or compact with another state or with a foreign power, except where the parties to such agreement or compact have consented to the supervision of the authority’s or corporation’s accounts by the State Comptroller;

2. (2) a local authority as defined in section 2 of the Public Authorities Law.

   Notwithstanding the foregoing, this Part shall not apply when the State Comptroller has granted a waiver upon good cause shown. Additionally, the Metropolitan Transportation Authority and its Agencies shall continue to be governed by Part 202 of this Title with the exception that sections 203.4(a)-(e), 203.6(d)-(g), and 203.8(b) and (c) of this Part shall also apply to the Metropolitan Transportation Authority and its agencies; provided, however, that with respect to the Metropolitan Transportation Authority and its agencies, the definitions set forth in Part 202 of this Chapter shall be used for purposes of determining compliance with the applicable provisions of this Part.

This Part shall apply to all public authorities and other public corporations created by or existing under any law of the State of New York, including any and all affiliates and subsidiaries of such public authorities or public corporations, other than: