N.Y. Public Authorities Law § 2474: Extraordinary conditions provision

* § 2474. Extraordinary conditions provision. In the event that a

participating municipality fails to make its required payment in whole

or in part, to the authority because of extraordinary conditions beyond

the control of the participating municipality as determined by the

authority, the chairman of the authority shall certify such conditions

to the comptroller. The comptroller upon receipt of such certification

from the authority shall withhold state aid in the same manner as set

forth in section twenty-four hundred seventy-three in an amount not to

exceed eighty per centum of the total required payment minus the amount

paid by the municipality. The comptroller shall immediately pay over to

the sports facilities income fund account the amount so withheld. In

such cases, the authority shall provide for the outstanding amounts so

due in an appropriate and timely manner.

* NB (Disbanded March, 1980)