There is a newer version of the New York Consolidated Laws
2006 New York Code - Contributions Of The City And Their Use; Pension Reserve Fund Number Two.
§ 13-531 Contributions of the city and their use; pension reserve fund number two. Pension reserve fund number two shall consist of the following: 1. The donations, legacies, and gifts which may be made to such system or to the retirement fund of the board of education of the city of New York. 2. The amounts contributed by the city to pay the pensions of the teachers retired on or before the thirty-first day of July, nineteen hundred seventeen, and to pay that part of the pensions and the other benefits of present-teachers who shall be retired or who shall become eligible for retirement after the thirty-first day of July, nineteen hundred seventeen, which are not payable from any other fund provided for by this chapter. Pensions and other benefits, or such part thereof allowable to present-teachers and to present pensioners, provision for the payment of which out of any other fund provided for by this title is not specifically made, shall be paid out of pension reserve fund number two.
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