2010 New York Code
TWN - Town
Article 15 - (231 - 247) FINANCING OF PUBLIC IMPROVEMENTS
232 - Permanent financing of general improvements.

§ 232. Permanent financing of general improvements. The town board may
  provide for the payment of the cost of any public improvement or project
  authorized  by  subdivisions eleven-a or eleven-c of section sixty-four,
  or sections eighty-one, two hundred twenty or two hundred twenty-one  of
  this  chapter,  by any one or by a combination of the following methods,
  namely: (1) by the use of surplus moneys of the town or (2) by including
  a sum therefor in the annual tax levy or (3) by making  funds  available
  therefor  pursuant to the local finance law.  The town board shall raise
  annually by tax a sum sufficient to pay the interest and  the  principal
  of  such  obligations,  if  not otherwise paid, as the same shall become
  due; and such tax shall be  assessed,  levied  and  collected  from  all
  taxable  property in the town in the same manner and at the same time as
  the annual tax for other town charges.
    If the public improvement or project is a  refuse  disposal  plant  or
  plants  referred  to  in  section two hundred twenty-one of this chapter
  provision shall be made that  the  town  shall  be  reimbursed,  out  of
  revenues  from  the  improvement  or  project  to  pay the cost of which
  obligations were issued, for any moneys so raised by  taxation  for  the
  payment of the principal and interest of such obligations.