A G4 DEPARTING TEB RWY 24 MISSED THE LEVEL OFF AT 1500 FT. ACFT WAS CLRED TO CLB AFTER DISCUSSION.

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OUR CLRNC WAS THE TEB 5 DEP. TAXIING OUT IN MISERABLE CONDITIONS WE WERE ASSIGNED RWY 24. THIS IS THE MOST NOISE SENSITIVE RWY AT TEB; AND WE THEREFORE REQUESTED A RWY 19 DEP. HOLDING SHORT OF RWY 19; ATC INFORMED US THAT WHILE THERE WAS NO DELAY OFF OF RWY 24; WE MIGHT BE WAITING FOR RWY 19. AFTER 10 MINS WE WERE TOLD TO EXPECT UP TO 1 HR FOR A TAKEOFF CLRNC. BECAUSE WE HAD PAX; WE DECIDED TO ASK FOR A NOISE 'PLOT' AND ACCEPT RWY 24. OPS CAME BACK WITH A PLOT APCH; AND I INFORMED ATC WE WISHED TO SWITCH TO RWY 24. WE WERE QUICKLY CLRED FOR TKOF. AFTER BRIEFING THE TEB 5 RWY 24 DEP; WE EXECUTED THE TKOF. AT APPROX 500 FT AGL THE AUTOPLT WAS ENGAGED. THE PWR WAS THEN REDUCED TO CLB EPR; AND A CLB CHKLIST EXECUTED. AT APPROX 1300 FT WE WERE SWITCHED TO DEP. ON CONTACTING THE NEW CTLR; THE FO STATED OUT OF 1500 FT FOR 2000 FT. THE CTLR REPLIED 'ACR X YOU WERE SUPPOSED TO STOP AT 1500 FT. NEVER MIND NOW; CONTINUE TO 2000 FT.' REALIZING THE AUTOPLT HADN'T CAPTURED; I DISENGAGED IT; AND LEVELED OFF BY HAND. I CONTINUED TO HAND FLY THE REST OF THE DEP. BEFORE SENDING US TO THE NEXT FREQ; THE CTLR STATED THAT THERE MOST LIKELY WOULD BE A PLT DEV. I BELIEVE THAT THE PRIMARY CAUSE WAS THE LAST MIN SWITCH TO A DIFFERENT RWY WHILE NOT ALLOWING TIME FOR FULL BRIEF AND CONFIRMING PROPER COCKPIT SET UP. (THE FO THOUGHT THE DEP WENT STRAIGHT TO 2000 FT WITH NO LEVEL OFF.) I FEEL VERY STRONGLY THAT THE DELAYS AT TEB ON RWY 19 ARE DUE TO POLITICS; NOT TFC; AS THE TRACKS AFTER THE TURN ARE BOTH ON A HEADING OF 280 DEGS WITH VERY LITTLE HORIZONTAL SEPARATION. THERE CAN'T BE MUCH DIFFERENCE TO OVERHEAD TFC INBOUND TO EWR. WITH A 'VOLUNTARY' BAN ON STAGE 2 TFC ALREADY IN PLACE; IT ISN'T HARD TO IMAGINE AN UNOFFICIAL POLICY IN PLACE TO DISCOURAGE STAGE 2 OPS. ONE CAN ONLY HOPE THIS IS NOT THE CASE. ON A FINAL NOTE; SINCE THE CTLR TOLD US TO CONTINUE TO 2000 FT WHEN WE WERE STILL WITHIN 300 FT OF THE ASSIGNED ALT (1500 FT) I BELIEVE THAT THERE IS A GOOD ARGUMENT THAT NO VIOLATION OCCURRED.