2012 New York Consolidated Laws
TAX - Tax
Article 29 - TAXES AUTHORIZED FOR CITIES, COUNTIES AND SCHOOL DISTRICTS
Part 4 - (1260 - 1264) DISPOSITION OF REVENUES
1263 - Deposit of funds and use of funds not having assigned purposes.

 
    §  1263.  Deposit  of  funds  and  use  of  funds  not having assigned
  purposes. (a) Deposit and use of net collections from taxes  imposed  by
  cities  of  over  one  million  administered  and collected by state tax
  commission.  Net collections paid to the director of finance of the city
  of New York and any other appropriate fiscal officer of any city  having
  a  population  of  over  one  million, as provided for in section twelve
  hundred sixty-one, shall be deposited by  such  fiscal  officer  in  the
  general  fund of such city, but no part of such revenues may be expended
  by such city unless appropriated in the annual budget of such city.
    (b) Deposit and  use  of  net  collections  by  cities,  counties  and
  villages. Net collections received by or distributed to a county, a city
  with  a  population  of  less  than  one million or a village from taxes
  imposed pursuant to this article shall be paid into the treasury of  the
  county,  city  or  village and shall be credited to and deposited in the
  general fund thereof and, unless restricted by local law,  ordinance  or
  resolution  to  a  specified purpose or purposes, shall be available for
  any county, city or village purpose of such  county,  city  or  village.
  Expenditures  from  the proceeds of any such tax shall not be considered
  as part of the cost of government within the meaning of  any  limitation
  on   expenditures  contained  in  any  general,  special  or  local  law
  applicable to such county, city or village.