2006 New York Code - Disposition Of Registration Fees.

 
    § 427. Disposition  of registration fees. 1. The commissioner of motor
  vehicles shall deposit all fees collected under this chapter, except  as
  otherwise provided in subdivision twenty-one of section four hundred one
  of  this  chapter, in a responsible bank, banking house or trust company
  in the city of Albany, which shall pay the highest rate of  interest  to
  the  state for such deposit, to the credit of the comptroller on account
  of the motor vehicle law.  Every  such  bank,  banking  house  or  trust
  company  shall execute and file in the office of the department of audit
  and control an undertaking to the state,  in  the  sum,  and  with  such
  sureties,  as  are required and approved by the comptroller for the safe
  keeping and prompt payment on legal demand therefor of all  such  moneys
  held  by  or  on  deposit in such bank, banking house, or trust company,
  with interest thereon on daily balances at such rate as the  comptroller
  may  fix.  Every such undertaking shall have endorsed thereon or annexed
  thereto the approval  of  the  attorney-general  as  to  its  form.  The
  comptroller  shall on the first day of each month make a verified return
  to the department of taxation and finance, of all fees received  by  him
  under  this  chapter  during the preceding calendar months, stating from
  what county received and by whom and when paid.
    2. The comptroller, after reserving sufficient to provide at all times
  a fund in his hands of five thousand dollars out of which he  shall  pay
  any  refund under this chapter, approved by him and by the commissioner,
  shall on or before the tenth day of each month pay to the department  of
  taxation  and  finance  the  balance to his credit in such bank, banking
  house or trust company, on account of fees collected under this  chapter
  at the close of business on the last day of the preceding month and such
  department  shall  pay  such  balance into the general fund of the state
  treasury.
    3. An amount equal to ninety per  centum  of  the  fees  specified  in
  subdivision  two  of this section shall be appropriated and used for the
  construction, reconstruction, maintenance and  repair  of  highways  and
  bridges,  under  the  direction of the department of transportation; and
  for inspection, regulation, and research in the control of motor vehicle
  exhaust emissions under the direction of the department of environmental
  conservation. The amount available for control of motor vehicle  exhaust
  emissions  from  said  ninety  per centum of the fees collected shall be
  computed at the rate of five cents per registration issued and shall  be
  available  for  payment  to  the  state  purposes  fund for repayment of
  advances made in the first instance from that fund for control of  motor
  vehicle emissions.