N.Y. Tax Law § 1262-d: Allocation and distribution of revenues from sales and use taxes to villages within the county of Albany

§ 1262-d. Allocation and distribution of revenues from sales and use

taxes to villages within the county of Albany. Notwithstanding any other

provision of this chapter to the contrary, the net collections from a

tax imposed by Albany county pursuant to this article set aside for

allocation and distribution to the towns and villages therein shall be

distributed between such towns and villages where any such village has

elected or hereafter elects to take its share in cash, directly in

proportion to their respective populations determined in accordance with

the latest decennial federal census or special population census taken

pursuant to section twenty of the general municipal law completed and

published prior to the end of the quarter for which the allocation is

made, which special census must include the entire area of the county,

except that in the towns of Colonie and Coeymans, the amount to be paid

to each village therein shall be determined by the ratio that the full

valuation of real property in each such village within said town bears

to the full valuation of real property in the entire town as set forth

in subdivision (c) of section twelve hundred sixty-two of this chapter;

provided, however, that commencing with the July, nineteen hundred

eighty-one quarterly distribution, one-eighth of the amount of such net

collections allocated to the town of Colonie and each successive quarter

thereafter, cumulatively, an additional one-eighth part of each such

quarterly town allocation shall be distributed between such village or

villages and the town of Colonie in proportion to their respective full

valuations of real property, with the remainder of each such town

quarterly allocation through and including that distributable in

January, nineteen hundred eighty-three, being an evenly declining

portion of each such quarterly allocation, to be distributed in

proportion to population as hereinbefore set forth for the remainder of

Albany county, so that the April, nineteen hundred eighty-three

quarterly allocation to the town of Colonie and those allocations

thereafter received shall be divided between said town and the villages

therein solely in proportion to their respective full valuations of real

property as provided herein.