2019 New York Laws
GMU - General Municipal
Article 2 - General Municipal Finances
25 - Treatment of Capital Costs and Restricted Fund Balances.

§  25.  Treatment  of  capital  costs  and  restricted  fund balances.
  Notwithstanding the provisions of any general or special  state  law  or
  local  law  to  the  contrary, including but not limited to the New York
  city charter, the following shall apply with respect to the  budget  and
  accounts of the city of New York:
1.  All costs that would be capital costs in accordance with generally
  accepted accounting principles, but for the application of  governmental
  accounting  standards board statement number forty-nine, shall be deemed
  to be capital costs for purposes of this chapter and any other provision
  of state or local law, including but not limited to the  New  York  city
  charter, relevant to the treatment of such costs; and
2.  The determination as to the existence of a deficit pursuant to the
  New York state financial emergency act for the city of New  York,  while
  such  act  remains  in effect, and any other provision of state or local
  law, including but not limited to the New York city  charter,  shall  be
  made  without  regard to changes in restricted fund balances, as defined
  by the governmental accounting standards board,  where  restrictions  in
  relation  to  such  fund balances are imposed by state or federal law or
  regulation, or otherwise by private or governmental parties  other  than
  the  city  of  New  York, and without regard to funds held in the health
  stabilization fund, the school crossing guards health insurance fund and
  the management benefits fund established by the city of New York.