Taxi Drivers Rally Outside Gov's Office Over Livery Cab Law

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    New York State Federation of Taxi Drivers founder Fernando Mateo says permits created under the legislation would be worthless.

    Taxi drivers are publicly objecting to legislation that would allow livery cabs to pick up street hails in New York City's outer boroughs.

    About 400 drivers and owners rallied Tuesday outside Gov. Andrew Cuomo's Manhattan office.

    They held up signs and listened to speeches urging changes before the bill becomes law. Other cabbies honked their horns in solidarity as they drove past on Third Avenue.

    New York State Federation of Taxi Drivers founder Fernando Mateo says permits created under the legislation would be worthless. He says drivers won't be able to transfer, sell or borrow against them.

    The bill was passed by the state Legislature in June and is awaiting the governor's signature.