N.Y. Public Authorities Law § 3238: Payments to local governments

§ 3238. Payments to local governments. The local government assistance

corporation shall not issue obligations for payments to local

governments unless an appropriation or appropriations have been enacted

providing for the determination of the amount and manner of payments to

local governments. Payments to local governments from the net proceeds

of the obligations of the corporation shall be for any or all of the

following purposes:

1. elementary and secondary education, community college aid and

support for tuition assistance programs;

2. payment of the nonfederal share of local medicaid costs; and

3. other local assistance programs, including revenue sharing

assistance, aid for health and the improvement of environmental quality,

housing initiatives, mental health and drug abuse programs, mass

transportation and highway and bridge programs.