N.Y. Public Authorities Law § 3037-a: Funding capital projects

* § 3037-a. Funding capital projects. The amounts paid to the city for

purposes set forth in subparagraph (b) of section three thousand

thirty-seven of this title, in addition to all other authorized amounts,

shall include amounts required by the city (i) to fund eight hundred

sixty-five million dollars of capital commitments to the New York city

transit authority in accordance with the following schedule for the

fiscal years ending on June thirtieth in the following years: nineteen

hundred ninety, seventy million dollars; nineteen hundred ninety-one,

seventy million dollars; nineteen hundred ninety-two, seventy-five

million dollars; nineteen hundred ninety-three, one hundred million

dollars; nineteen hundred ninety-four, one hundred ten million dollars;

and nineteen hundred ninety-five, four hundred forty million dollars;

and (ii) to fund six hundred million dollars of capital commitments to

the New York city school construction authority in eight equal annual

installments of seventy-five million dollars beginning in the fiscal

year ending on June thirtieth, nineteen hundred ninety. All such amounts

shall be paid by the corporation to the city in accordance with the

provisions of paragraph (d) of subdivision three of section three

thousand thirty-three of this title.

* NB The corporation shall continue for a term ending the later of

July 1, 2008 or one year after its liabilities have been fully paid and

discharged per § 3033 sub 1.