N.Y. Local Finance Law § 109.00: Filing of debt statement required

§ 109.00 Filing of debt statement required. a. Not more than fifteen

nor less than three days before any municipality, fire district, or any

school district having an aggregate assessed valuation of taxable real

property of one hundred thousand dollars or more, sells any bonds which

are required to be sold at public sale, it shall file with the state

comptroller a verified statement of its debt-contracting power prepared

as of a date not more than thirty days previous to the date of the sale

of such bonds, except that in a city containing more than one county the

statement of its debt-contracting power shall be prepared as of a date

not more than sixty days previous to the date of the sale of such bonds.

The statement shall show the amount of obligations proposed to be sold

at such sale. A duplicate copy of every such debt statement shall be

filed in the same respective periods of time with the clerk or

corresponding officer of such municipality, fire district or school

district. In the case of a city containing more than one county, such

statements in addition to being filed with the city clerk shall also be

filed in the same respective periods of time in the office of the chief

fiscal officer thereof. Debt statements and duplicates thereof, filed

pursuant to this section, shall be public records.

b. Such statements shall be prepared in the manner prescribed in title

ten of article two of this chapter. Any error, defect, omission or

inaccuracy in any such statement, or in the manner of its execution or

filing, shall not affect the validity of any obligations of any

municipality, school district or fire district.