§ 1167 — Deposit and disposition of revenue

§ 1167. Deposit and disposition of revenue. 1. All taxes, interest and\npenalties collected or received by the commissioner under this article\nshall be deposited and disposed of pursuant to the provisions of section\none hundred seventy-one-a of this chapter, except that after reserving\namounts in accordance with such section one hundred seventy-one-a of\nthis chapter, the remainder shall be paid by the comptroller to the\ncredit of the highway and bridge trust fund established by section\neighty-nine-b of the state finance law, provided, however: (a) taxes,\ninterest and penalties collected or received pursuant to section eleven\nhundred sixty-six-a of this article shall be deposited and disposed of\npursuant to subdivision two of this section; and (b) taxes, interest and\npenalties collected or received pursuant to section eleven hundred\nsixty-six-b of this article shall be paid to the credit of the public\ntransportation systems operating assistance account established by\nsection eighty-eight-a of the state finance law.\n 2. All taxes, interest, and penalties collected or received by the\ncommissioner pursuant to section eleven hundred sixty-six-a of this\narticle shall be deposited daily with such responsible banks, banking\nhouses or trust companies, as may be designated by the comptroller, in\ntrust for the credit of the metropolitan transportation authority. An\naccount may be established in one or more of such depositories. Such\ndeposits will be kept separate and apart from all other money in the\npossession of the comptroller. Of the total revenue collected or\nreceived under this article, the comptroller shall retain such amount as\nthe commissioner may determine to be necessary for refunds under this\narticle. On or before the twelfth day of each month, after reserving\nsuch amount for such refunds and deducting such amounts for such costs,\nthe commissioner shall certify to the comptroller the amount of all\nrevenues received pursuant to this article during the prior month as a\nresult of the tax imposed, including any interest and penalties thereon.\nThe amount of revenues so certified over the prior three months in total\nshall be paid over by the fifteenth day of the last month of each\ncalendar quarter from such account, without appropriation, into the\ncorporate transportation account of the metropolitan transportation\nauthority special assistance fund established by section twelve hundred\nseventy-a of the public authorities law, to be applied as provided in\nparagraph (e) of subdivision four of such section.\n