N.Y. Public Authorities Law § 3964: Intercept of county tax revenues and state aid revenues

§ 3964. Intercept of county tax revenues and state aid revenues. 1.

Commencing on the effective date of this title, and until December

thirty-first, two thousand thirty-nine, the state comptroller shall pay

county tax revenues at least monthly to the authority in accordance with

section twelve hundred sixty-one of the tax law. During such period, the

county shall impose sales and compensating use taxes pursuant to the

authority of subdivision (a) of section twelve hundred ten of the tax

law at a rate of no less than three percent.

2. Commencing on the effective date of this title, and until December

thirty-first, two thousand thirty-nine, the state comptroller shall pay

state aid revenues to the authority.

3. The county shall have no right, title, or interest in county tax

revenues or state aid revenues required to be paid to the authority

pursuant to this section.