New York § 2473 State aid guarantee; withholding thereof

New York Statutes

§ 2473 — State aid guarantee; withholding thereof

New York § 2473

Law PBAPublic Authorities

Title 19New York State Sports Authority

Art. 8Miscellaneous Authorities

This text of New York § 2473 (State aid guarantee; withholding thereof) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Public Authorities § 2473 (2026).

Text

* § 2473. State aid guarantee; withholding thereof.

1.In the event\nthat a participating municipality fails to make its required payment, in\nwhole or in part, to the authority, the chairman of the authority shall\ncertify to the comptroller that such municipality has failed to meet its\nobligations. Such certificate shall be in such form as the authority\ndeems desirable, but shall include the exact amount of payment required\nto satisfy such municipality's obligation to the authority.\n 2. The comptroller, upon receipt of such certificate from the\nauthority, shall withhold from the city, county, town or village or, in\nthe event the participating municipality is a public benefit corporation\nfrom the city, county, town or village on whose behalf such corporation\nwas created, state

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* § 2473. State aid guarantee; withholding thereof. 1. In the event\nthat a participating municipality fails to make its required payment, in\nwhole or in part, to the authority, the chairman of the authority shall\ncertify to the comptroller that such municipality has failed to meet its\nobligations. Such certificate shall be in such form as the authority\ndeems desirable, but shall include the exact amount of payment required\nto satisfy such municipality's obligation to the authority.\n 2. The comptroller, upon receipt of such certificate from the\nauthority, shall withhold from the city, county, town or village or, in\nthe event the participating municipality is a public benefit corporation\nfrom the city, county, town or village on whose behalf such corporation\nwas created, state aid payable to such city, county, town or village to\nthe extent necessary to meet the required amount of payments. The\ncomptroller shall immediately pay over to the sports facilities income\nfund account the amount so withheld.\n * NB (Disbanded March, 1980)\n