N.Y. Tax Law § 1260: Revenues resulting from taxes administered by cities over one million

§ 1260. Revenues resulting from taxes administered by cities over one

million. All taxes, penalties and interest resulting from the imposition

of the taxes authorized under section twelve hundred one shall be paid

into the treasury of the city imposing the tax and shall be credited to

and deposited in the general fund of any such city, but no such part of

such revenues may be expended unless appropriated in the annual budget

of such city.