Dynamical zeta functions are expected to relate the Schrodinger operat
or's spectrum to the periodic orbits of the corresponding fully chaoti
c Hamiltonian system. The relationship is exact in the case of surface
s of constant negative curvature. The recently found factorization of
the Selberg zeta function for the modular surface is known to correspo
nd to a decomposition of the Schrodinger operator's eigenfunctions Int
o two sets obeying different boundary condition on Artin's billiard. H
ere we express zeta functions for Artin's billiard in terms of general
ized transfer operators, providing thereby a new dynamical proof of th
e above interpretation of the factorization formula. This dynamical pr
oof is then extended to the Artin-Venkov-Zograf formula for finite cov
erings of the modular surface.