N.Y. Comp. Codes R. & Regs. tit. 2 § 38.2
A municipality or school district shall notify the State Comptroller of its intention to issue sinking fund bonds and of the scheduled date of issuance and delivery of such bonds as soon as practicable but in no event later than the eighth day preceding the intended date of issuance. As soon as is practicable after such notification, but no less than 30 days before the first deposit is required to be made (unless such first deposit is required to be made less than 30 days after the date of issuance), the State Comptroller shall establish a sinking fund on behalf of such municipality or school district and an account for the amortization and redemption of such issue within such sinking fund. The State Comptroller shall establish an account for the amortization and redemption of each subsequent issue of sinking fund bonds within the sinking fund established on behalf of a municipality or school district no later than 30 days before the date of the first required payment into the sinking fund for that issue.
N.Y. Comp. Codes R. & Regs. Tit. 2 § 38.2