N.Y. Tax Law § 1432: Deposit and disposition of revenue

§ 1432. Deposit and disposition of revenue. 1. (a) All taxes collected

or received by the treasurer or his duly authorized agent under the

provisions of the local law enacted pursuant to this article shall be

deposited in accordance with provisions of a local law adopted by the

legislative body of Erie county which local law shall designate proper

officers to be responsible for deposit of revenue collected or received

under this article. Such local law shall also provide that any officer

designated to collect, receive, or deposit such revenue shall maintain a

system of accounts showing the revenue collected or received from the

tax imposed pursuant to this article. Such local law shall also provide

that an officer of the county shall pay to the Niagara Frontier

transportation authority all revenue deposited under this section. Such

payment shall be made on the tenth day of each month for the preceding

month.

(b) Distributions made to the Niagara Frontier transportation

authority shall be used only for operations of mass transportation

services provided by the Niagara Frontier transportation authority

within the county of Erie. All such distributions shall be made in

accordance with the provisions of a contract between the county of Erie

and the Niagara Frontier Transit Metro System, Inc. Such contract may

only be amended with the consent of the Niagara Frontier Transit Metro

System, Inc. and when authorized by at least a two-thirds vote of the

county legislature.

2. Notwithstanding the provisions of subdivision one of this section,

on and after the first day of April, nineteen hundred ninety-three,

distributions shall be paid into a repair reserve fund established by

the county pursuant to section six-d of the general municipal law for

the purpose of repair of county roads and bridges within such county.