The use of vehicular crossings by any vehicle or other form of traffic shall be and shall be deemed to be conditioned upon payment of the prescribed tolls and upon observance of the rules and regulations of the Triborough Bridge and Tunnel Authority. All rights, privileges, licenses and permits, express or implied, for the use of said vehicular crossings by any vehicle or other form of traffic, granted by the Triborough Bridge and Tunnel Authority, shall be and shall be deemed to be revocable, and each such right, privilege, license or permit, at the option of the Triborough Bridge and Tunnel Authority, shall be and shall be deemed to be revoked and cancelled by and upon the breach of any rule or regulation or of violation of any applicable laws or ordinances while in or upon the said vehicular crossings. Vehicles violating any of the rules and regulations of the Triborough Bridge and Tunnel Authority, as well as other vehicles owned or operated by the owner and/or operator of such vehicles, may be excluded from vehicular crossings permanently or for a specified time. Violators of such rules and regulations shall be subject to the penalties made and provided in the statutes of the State and City of New York.