N.J. Admin. Code § 16:83-2.14
Certificate of Registration and Banner Permit holders assume all liability for any and all damage or injury arising out of the Certificate/Permit holder's use, occupancy, noncommercial speech, or expressive activity, on or about NJ TRANSIT's facilities or equipment, and, by accepting the Certificate of Registration or Banner Permit, agree to release the State of New Jersey, NJ TRANSIT, its directors and its subsidiaries, and servants, employees, and agents from any and all liability or damage resulting from the Certificate/Permit holder's use or occupancy of NJ TRANSIT's facilities or equipment in connection with the Certificate of Registration or Banner Permit. NJ TRANSIT shall not be responsible for the security and/or safeguarding of any funds collected by a Certificate of Registration holder.
N.J. Admin. Code § 16:83-2.14