N.Y. Education Law § 1909: State aid

§ 1909. State aid. 1. Public moneys shall be apportioned to such

central high school district on account of the central high school

maintained therein, in the same amount and under the same conditions as

in the case of apportionments to union free school districts on account

of secondary instruction given in the public schools of such districts,

under the provisions of this chapter. There shall be apportioned to such

central high school district the amounts allowed by section two thousand

forty-five of this chapter for the instruction of non-resident academic

pupils, on account of pupils attending the high school in such central

high school district from a district or districts included in such

central high school district not maintaining an academic department at

the time of the establishment of such district.

2. Any state aid representing tax savings duly provided by a component

school district of the central high school district pursuant to section

thirteen hundred six-a of the real property tax law for taxes levied to

fund expenditures of the central high school district shall be claimed

by such component school district pursuant to subdivision three of

section thirteen hundred six-a of the real property tax law, and any

resulting payment of state aid to the component school district based on

such tax savings shall be paid by the component school district, within

ten days after receipt of such payment, over to the treasurer of such

central high school district in an amount equal to the product of the

total payment received by such component school district for all tax

savings provided pursuant to section thirteen hundred six-a of the real

property tax law multiplied by the quotient of the tax savings provided

for taxes levied to fund expenditures of the central high school

district divided by the total tax savings duly provided by such

component school district pursuant to section thirteen hundred six-a of

the real property law.