2017 New York Laws
EDN - Education
Title 2 - School District Organization
Article 37 - Central School Districts
1805 - Powers of Central School District; Officers of Component Districts; Transition State Aid.

 1805. Powers  of  central  school  district;  officers  of component
  districts; transition state aid.   All central  school  districts  shall
  have the same powers and be subject to the same limitations that are now
  conferred or imposed by law upon union free school districts as provided
  by  this  chapter.    The  district  officers  of  the  several existing
  districts shall remain in  office  until  August  first  next  following
  organization  of  such  central  school  district  for  the  purpose  of
  conducting and maintaining school in the several districts, the carrying
  out of contracts in force at  the  time  of  the  organization  of  such
  central  school  district,  of  paying all just debts and obligations of
  such existing districts due and payable  on  or  prior  to  said  August
  first,  and  of  levying  and collecting taxes raised or necessary to be
  raised for any of said purposes.  For the purposes of the  apportionment
  and  payment  of  public moneys, notwithstanding any other provisions of
  this article, any apportionments and payments  made  during  the  school
  year  in  which  such  central  school  district  was organized shall be
  apportioned and credited to the existing districts.  Any  apportionments
  made  and  paid  during  the school year next succeeding the date of the
  organization of such central school district shall be made and  credited
  to  the  central  school  district  but  the  amounts  thereof  shall be
  determined upon the basis of the continuance of the  existing  districts
  as  separate  districts  during  the  entire  school  year in which such
  central school district was organized.