N.Y. General Municipal Law § 120-i: Means of payment

§ 120-i. Means of payment. The indebtedness created for such public

works may be paid by each contracting municipality, including a sewer

district of a town, partly by assessment on the property deemed

specially benefited by such improvement and partly by a charge on such

municipality at large. In the case of a sewer district of a town the

petition for the creation thereof or a supplemental petition may state

the means of payment as above provided and the assessment therein shall

be made in form and substance so far as applicable as provided in

section two hundred and thirty-seven of said law, except that such sewer

commissioner shall assess a part of the district's proportionate share

of the total cost of such system on the lands within such district, or

extension of an existing district in proportion, as nearly as may be, to

the benefit which each lot or parcel will derive therefrom. Such sewer

commissioners shall determine the amount to be raised by general

taxation for such expense. Nothing herein contained shall be construed

as preventing the contracting municipalities from paying such

indebtedness, in whole or in part, by the issuance of obligations

pursuant to the terms of the local finance law.