The Port Authority of New York & New Jersey was created in 1921 by a compact between the states of New York and New Jersey that was approved by the U.S. Congress.
The Port Authority and its subsidiaries are governed by By-Laws adopted by the Board for each entity. These are public documents and may be downloaded here.
To accomplish some of its statutory functions, the Port Authority has established Port Authority Trans-Hudson Corporation, the Newark Legal and Communications Center Urban Renewal Corporation and the New York and New Jersey Railroad Corporation. In addition, it owns and is the sole managing member of WTC Retail LLC; 1 World Trade Center LLC; Port District Capital Projects LLC; Port Authority Insurance Captive Entity, LLC; Tower 5 LLC; New York New Jersey Rail, LLC; Tower 1 Member LLC; Tower 1 Joint Venture LLC; Tower 1 Holdings LLC; WTC Tower 1 LLC; PA Retail Newco LLC; New WTC Retail JV LLC; New WTC Retail Owner LLC and Tower 1 Rooftop Holdings LLC.