New York § 112 Disposition of proceeds of taxes

New York Statutes

§ 112 — Disposition of proceeds of taxes

New York § 112

Law PBGPublic Housing

Art. 6Special Taxes In Cities and Certain Villages

This text of New York § 112 (Disposition of proceeds of taxes) 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 Housing § 112 (2026).

Text

  § 112. Disposition of proceeds of taxes. Notwithstanding the\nprovisions of any general, special or local law to the contrary,\nrevenues heretofore or hereafter resulting from the imposition of taxes\nauthorized by this article for either or both of the purposes referred\nto in section one hundred ten of this article, other than the taxes\ndescribed in subdivision (e) of such section in a city having a\npopulation of one million or more, shall be deposited in the city or\nvillage treasury and credited to a separate account. During each fiscal\nyear of such city or village, an amount not in excess of the amount\nincluded in the annual budget or estimate for such fiscal year for the\npurpose or purposes for which such taxes were levied shall be charged to\nsuch account and credited to the 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 112. Disposition of proceeds of taxes. Notwithstanding the\nprovisions of any general, special or local law to the contrary,\nrevenues heretofore or hereafter resulting from the imposition of taxes\nauthorized by this article for either or both of the purposes referred\nto in section one hundred ten of this article, other than the taxes\ndescribed in subdivision (e) of such section in a city having a\npopulation of one million or more, shall be deposited in the city or\nvillage treasury and credited to a separate account. During each fiscal\nyear of such city or village, an amount not in excess of the amount\nincluded in the annual budget or estimate for such fiscal year for the\npurpose or purposes for which such taxes were levied shall be charged to\nsuch account and credited to the general fund for the reduction of\ntaxation or into the general or other fund available for current\nexpenses of such city or village. No other payment shall be made from\nsuch an account or accounts. In a city having a population of one\nmillion or more, the revenues from the taxes described in subdivision\n(e) of section one hundred ten of this article shall be deposited in the\ngeneral fund and a payment of an equal amount shall be made, in the same\nfiscal year or as soon as practicable thereafter for the purposes\ndescribed in such section.\n