N.Y. Education Law § 1517: Indebtedness of certain dissolved districts

§ 1517. Indebtedness of certain dissolved districts. Whenever any

school district is dissolved pursuant to the provisions of section

fifteen hundred five of this article and annexed to an adjoining

district or adjoining districts or consolidated as provided in section

fifteen hundred twelve, the indebtedness of any such district evidenced

by bonds or notes or relating to school building construction shall

thereupon become a charge upon the enlarged district formed by such

annexation or consolidation. The board of education or trustees of such

enlarged district shall raise by tax an amount sufficient to pay any

such indebtedness of such district as the same shall become due.