N.Y. Railroad Law § 204: Agreements for payment of cost of construction by instalments

§ 204. Agreements for payment of cost of construction by instalments.

The department, board or officer having control of such public parks may

agree with the person or corporation with whom any contract may be made

for the construction, equipment and operation of said railroad that the

cost of such construction shall be paid by such cities in instalments

out of the compensation which such person or corporation shall agree to

pay to such cities under any such contract from time to time as such

compensation shall be received.