2006 New York Code - Intercept Of County Tax Revenues And State Aid Revenues.

 
    §  3964.  Intercept  of county tax revenues and state aid revenues. 1.
  Commencing on the effective date  of  this  title,  and  until  December
  thirty-first,  two thousand thirty-nine, the state comptroller shall pay
  county tax revenues at least monthly to the authority in accordance with
  section twelve hundred sixty-one of the tax law. During such period, the
  county shall impose sales and compensating use  taxes  pursuant  to  the
  authority  of  subdivision  (a) of section twelve hundred ten of the tax
  law at a rate of no less than three percent.
    2. Commencing on the effective date of this title, and until  December
  thirty-first,  two thousand thirty-nine, the state comptroller shall pay
  state aid revenues to the authority.
    3. The county shall have no right, title, or interest  in  county  tax
  revenues  or  state  aid  revenues  required to be paid to the authority
  pursuant to this section.