Ever heard of an honorary title, Alex?

Same deal.

"Finest" doesn't really mean anything in particular. If finest bugs you just substitute in "esteemed". Or pretty much anything else you can think of that means good.

You could declare yourself to be NY's finest AlexPanzer if you felt like. It's a valueless title so go ahead and use it. DXon't go calling yourself "NY's finest lord high minister of enemas" people might think you were a kook.