N.Y. General Municipal Law § 120-k: Payments; how made

§ 120-k. Payments; how made. It shall be lawful for the governing body

or board having control of the finances of such contracting

municipality, in lieu of issuing the bonds of such municipality, to pay

its proportion of the costs and expenses of any improvements jointly

contracted for and made under this act, with money to be raised by

taxation, after the making of the public improvements herein authorized

have been determined upon and a joint contract made and entered into

pursuant to the provisions of this act, or by paying the whole or part

of such indebtedness out of all moneys belonging to such contracting

municipality not otherwise appropriated or required.