N.Y. Town Law § 231-a: Permanent financing of district improvements to be paid from general taxation

§ 231-a. Permanent financing of district improvements to be paid from

general taxation. When the cost of any improvement is to be assessed,

levied and collected from the several lots and parcels of lands within a

district in the same manner and at the same time as other town charges,

the town board may finance said improvement pursuant to the local

finance law. The town board shall raise annually by tax a sum sufficient

to pay the interest and the principal of obligations issued to finance

such improvement, if not otherwise paid, as the same shall become due;

such tax shall be assessed, levied and collected from the several lots

and parcels of land within the district in the same manner and at the

same time as the annual tax for other town charges.

Annual collections of such taxes shall be applied by the supervisor in

payment of maturing obligations and accruing interest, for which such

taxes were levied. If the total of annual collections of such taxes

shall be less than the amount required for such purposes, the town board

may direct that surplus moneys not otherwise appropriated be applied.