2012 New York Consolidated Laws
PBG - Public Housing
Article 6 - (110 - 113) SPECIAL TAXES IN CITIES AND CERTAIN VILLAGES
112 - Disposition of proceeds of taxes.

 
    §  112.  Disposition  of  proceeds  of  taxes.    Notwithstanding  the
  provisions of any  general,  special  or  local  law  to  the  contrary,
  revenues  heretofore or hereafter resulting from the imposition of taxes
  authorized by this article for either or both of the  purposes  referred
  to  in section one hundred ten of this chapter shall be deposited in the
  city or village treasury and credited to a separate account. During each
  fiscal year of such city or village, an amount  not  in  excess  of  the
  amount  included  in  the annual budget or estimate for such fiscal year
  for the purpose or purposes for which such taxes were  levied  shall  be
  charged  to  such  account  and  credited  to  the  general fund for the
  reduction of taxation or into the general or other  fund  available  for
  current expenses of such city or village. No other payment shall be made
  from such an account or accounts.