2015 New York Laws
STF - State Finance
Article 6 - (State Finance) FUNDS OF THE STATE
97-RRR*2 - Debt reduction reserve fund.

*    97-rrr.   Debt  reduction  reserve  fund.  1.  There  is  hereby
  established in the joint custody of the comptroller and the commissioner
  of taxation and finance a fund to be known as the debt reduction reserve
  fund. Such fund shall be established as a capital projects fund.
2. Such fund shall consist  of  all  monies  credited  or  transferred
  thereto from the general fund or from any other fund or sources pursuant
  to law.
3. The monies in such fund, following appropriation by the legislature
  and allocation by the director of the budget, shall be available for the
  following purposes:
(a)  for  the  payment of principal, interest, and related expenses on
  general  obligation  bonds,  lease   purchase   payments,   or   special
  contractual  obligation  payments,  or  for  the purposes of retiring or
  defeasing  bonds  previously  issued,  including  any  accrued  interest
  thereon, for any state-supported bonding program or programs, and;
(b)  for  the  funding of capital projects, equipment acquisitions, or
  similar expenses which have  been  authorized  by  law  to  be  financed
  through the issuance of bonds, notes, or other obligations.
* NB There are 2  97-rrr's