2006 New York Code - Funding Capital Projects.



 
    * § 3037-a. Funding capital projects. The amounts paid to the city for
  purposes  set  forth  in  subparagraph  (b)  of  section  three thousand
  thirty-seven of this title, in addition to all other authorized amounts,
  shall include amounts required by the city (i)  to  fund  eight  hundred
  sixty-five  million  dollars of capital commitments to the New York city
  transit authority in accordance with  the  following  schedule  for  the
  fiscal  years ending on June thirtieth in the following years:  nineteen
  hundred ninety, seventy million dollars;  nineteen  hundred  ninety-one,
  seventy  million  dollars;  nineteen  hundred  ninety-two,  seventy-five
  million dollars; nineteen  hundred  ninety-three,  one  hundred  million
  dollars;  nineteen hundred ninety-four, one hundred ten million dollars;
  and nineteen hundred ninety-five, four hundred  forty  million  dollars;
  and  (ii)  to fund six hundred million dollars of capital commitments to
  the New York city school construction authority in  eight  equal  annual
  installments  of  seventy-five  million  dollars beginning in the fiscal
  year ending on June thirtieth, nineteen hundred ninety. All such amounts
  shall be paid by the corporation to the  city  in  accordance  with  the
  provisions  of  paragraph  (d)  of  subdivision  three  of section three
  thousand thirty-three of this title.
    * NB The corporation shall continue for a term  ending  the  later  of
  July  1, 2008 or one year after its liabilities have been fully paid and
  discharged per § 3033 sub 1.

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