N.Y. Local Finance Law § 15.30: Debt statements

§ 15.30 Debt statements. a. The state comptroller, in the performance

of his duties pursuant to section 141.00 of this chapter, shall cause

debt statements of municipal corporations and municipalities to be

prepared in such manner as will reflect (1) the gross amounts of any

several indebtedness and joint indebtedness contracted or incurred by a

participating municipal corporation or municipality in relation to a

joint service or joint water, sewage or drainage project, (2) the

amounts of any such several indebtedness, and the amounts of any such

joint indebtedness allocated and apportioned to any participating

municipal corporation or municipality, which are to be included as gross

indebtedness in a debt statement prepared in accordance with the

provisions of title ten of article two of this chapter, and (3) the

amounts of any such several indebtedness or joint indebtedness which

under or pursuant to any provision of this chapter may be excluded in

ascertaining the debt-contracting margin of the participating municipal

corporation or municipality.

b. The provisions of section 109.00 and of title ten of article two of

this chapter which are consistent with the provisions of title one-A of

such article shall be applicable in relation to the debt statements of a

municipal corporation or municipality which is a participant in a joint

service or joint water, sewage or drainage project.