Subdivision 1(c) of section 362 of the Education Law empowers the university to develop its own rules regarding traffic and parking not inconsistent with the Vehicle and Traffic Law. These may include the assessment of an administrative fine upon the owner or operator of vehicles for each infraction and may result in the ban of parking privileges on campus. Violation of university regulations is prejudicial to the common interest of all who operate motor vehicles on the campus and may result in fines or in the loss of parking privileges on campus. These rules and regulations replace all prior orders which established traffic regulations on the grounds of State University of New York at Binghamton, Town of Vestal, Broome County.