2006 New York Code - Moneys; Custody And Disbursement.

 
    § 2523. Moneys;  custody  and  disbursement.  1. The treasurer of each
  city school district shall demand, collect, receive and  have  the  care
  and  custody  of  moneys  belonging  to  or  due the district from every
  source. On the business day next following the day of their receipt  the
  treasurer  shall  deposit  in  his name, as treasurer of the city school
  district, all such moneys in or with such banks or  trust  companies  as
  shall  have  been  designated  as  depositaries  of  the  moneys of such
  district. Where the board of education with the written consent  of  the
  city  authorities,  has appointed a city officer as city school district
  treasurer, such treasurer may not commingle school district  funds  with
  city funds.
    2.  Such  moneys  shall  be  disbursed  only  on the signature of such
  treasurer by checks payable to the person or persons  entitled  thereto.
  The  board  of  education  may  in  its  discretion  require  that  such
  checks-other than  checks   for  salary,  be  countersigned  by  another
  officer  of such district. When authorized by resolution of the board of
  education such checks may be signed with the facsimile signature of  the
  treasurer  and  other  district  officer whose signature is required, as
  reproduced by a machine or device commonly known as a check-signer. Each
  check drawn by the treasurer shall state the fund against  which  it  is
  drawn.  No fund shall be overdrawn nor shall any check be drawn upon one
  fund to pay a claim chargeable to another. No money shall be paid out by
  the treasurer except upon the warrant of  the  clerk  of  the  board  of
  education  after  audit  and  allowance  by  such  board, or if a claims
  auditor shall have been appointed,  except  upon  the  warrant  of  such
  claims  auditor  after  audit  and allowance thereof; provided, however,
  when provision for payment has  been  made  in  the  annual  budget  the
  treasurer  may  pay,  without such warrant or prior audit and allowance,
  (a) the principal of and interest on bonds, notes or other evidences  of
  indebtedness  of  the  district or for the payment of which the district
  shall be liable, and  (b)  compensation  for  services  of  officers  or
  employees  engaged at agreed wages by the hour, day, week, month or year
  upon presentation of  a  duly  certified  payroll.  By  resolution  duly
  adopted, the board may determine to enter into a contract to provide for
  the  deposit of the periodic payroll of the school district in a bank or
  trust company for disbursal by  it  in  accordance  with  provisions  of
  section ninety-six-b of the banking law.