N.Y. General Municipal Law § 106-a: Service charge for receiving, handling and disbursing funds and coupons

§ 106-a. Service charge for receiving, handling and disbursing funds

and coupons. The fiscal officer of the political subdivision or of a

district therein shall impose upon each contractor such service charge

for receiving, handling and disbursing funds and coupons pursuant to

section one hundred six of this article as the local governing body of

the political subdivision may provide by local law or ordinance. Such

service charge shall not exceed a reasonable amount which is generally

consistent with charges by a bank or trust company for such a service.

This section shall not apply where a political subdivision or district

therein has entered into an agreement with a bank or trust company

pursuant to section one hundred six of this article.