N.Y. Education Law § 553: Installments

§ 553. Installments. The amount to be apportioned to a qualifying

school in any current year shall be paid in two equal installments, the

first to be made on or before January fifteenth and the other not later

than June fifteenth of such year, except that for the school year

commencing July first, nineteen hundred seventy-one such apportionment

shall be made in one payment on or before June fifteenth, nineteen

hundred seventy-two. The commissioner may provide for later payments

for the purpose of adjusting and correcting apportionments. The amount

to be apportioned to a qualifying school shall be payable on order and

warrant of the comptroller on vouchers certified or approved by the

commissioner in the manner provided by law.