2015 New York Laws
STF - State Finance
Article 6 - (State Finance) FUNDS OF THE STATE
74 - Transportation infrastructure renewal fund.

  74.  Transportation infrastructure renewal fund. 1. There is hereby
  established in the joint  custody  of  the  state  comptroller  and  the
  commissioner  of taxation and finance a special fund, to be known as the
  "transportation infrastructure renewal fund".
2.  The  comptroller  shall  establish  three  separate  and  distinct
  accounts  within the transportation infrastructure renewal fund: (a) the
  highway, parkway  and  bridge  account;  (b)  the  ports  and  waterways
  account; and (c) the transit, rail and aviation account.
3.  All  moneys  received by the state from the sale of bonds or notes
  for the purposes enumerated in  paragraph  a  of  subdivision  three  of
  section  one  of  a chapter of the laws of nineteen hundred eighty-three
  enacting and constituting the Rebuild New  York  Through  Transportation
  Infrastructure  Renewal  Bond  Act  of  1983  shall  be deposited by the
  comptroller in the highway, parkway and bridge  account  established  by
  the  comptroller  pursuant  to the provisions of subdivision two of this
  section.
4. All moneys received by the state from the sale of  bonds  or  notes
  for  the  purposes  enumerated  in  paragraph  b of subdivision three of
  section one of a chapter of the laws of  nineteen  hundred  eighty-three
  enacting  and  constituting  the Rebuild New York Through Transportation
  Infrastructure Renewal Bond Act  of  1983  shall  be  deposited  by  the
  comptroller  in  the  ports  and  waterways  account  established by the
  comptroller pursuant to  the  provisions  of  subdivision  two  of  this
  section.
5.  All  moneys  received by the state from the sale of bonds or notes
  for the purposes enumerated in  paragraph  c  of  subdivision  three  of
  section  one  of  a chapter of the laws of nineteen hundred eighty-three
  enacting and constituting the Rebuild New  York  Through  Transportation
  Infrastructure  Renewal  Bond  Act  of  1983  shall  be deposited by the
  comptroller in the transit, rail and aviation account established by the
  comptroller pursuant to  the  provisions  of  subdivision  two  of  this
  section.
6.  Moneys in any account of this fund, following appropriation by the
  legislature and allocation by the  director  of  the  budget,  shall  be
  available   only   for   reimbursement   of   expenditures   made   from
  appropriations from the capital projects fund for the purposes  of  such
  fund,  as  set  forth  in  the  Rebuild  New York Through Transportation
  Infrastructure Renewal Bond Act of 1983.