N.Y. General Municipal Law § 111: Contracts

§ 111. Contracts. Two or more municipalities are hereby empowered to

enter into a contract to provide for a common supply of water, including

joint acquisition, construction, operation and maintenance. Such

contract shall provide for the method of acquisition or construction of

the common supply; the management and operation of the system; the

method of fixing the proportionate share of each participating

municipality and of making contributions; the method of making annual

adjustments of the proportionate shares of the annual cost and expense;

the method of collection of water rates and other charges, and

enforcement thereof; the accumulation of reserves; the fixing of rate

schedules and other charges; the adoption of rules and regulations

covering the operation of the system and the conditions of sale; the

adjudication of disputes and all other matters necessary to effectuate

such an arrangement.