N.Y. Comp. Codes R. & Regs. tit. 20 § 2385.1
Section 3602 of the Education Law which provides for the apportionment of public moneys to school districts employing eight or more teachers, requires the State Tax Commission to adopt regulations pertaining to income data to be used by the Commissioner of Education.
Chapter 53 of the Laws of 1985 repealed subdivision 20 of section 3602 of the Education Law, thereby repealing the provisions for statewide low-income supplemental school aid.
Paragraph (k) of subdivision 1 of section 3602 of the Education Law, as added by chapter 53 of the Laws of 1981, and as amended by chapter 1 of the Laws of 1982, by chapter 419 of the Laws of 1982, by chapter 53 of the Laws of 1983, by chapter 53 of the Laws of 1984, by chapter 53 of the Laws of 1985 and by chapter 53 of the Laws of 1986, reads as follows:
k. "Alternate pupil wealth ratio" shall mean the number computed to three decimals without rounding obtained when the adjusted gross income of a school district for the calendar year prior to the calendar year in which the base year began divided by the total wealth pupil units of such district is divided by the statewide adjusted gross income per total wealth pupil unit as computed by the commissioner pursuant to regulations adopted by him for such purpose. Such statewide average gross income per pupil shall be established each year by the commissioner pursuant to such regulations approved by the director of the budget and shall be transmitted to school districts by March first. For aid payable in the school year nineteen hundred eighty-six-eighty seven, such statewide average shall be fifty-one thousand five hundred dollars. For the purposes of this paragraph, the income data shall be computed in accordance with regulations adopted by the Commissioner of Taxation and Finance based upon personal income tax returns for the calendar year two years prior to the calendar year in which the current school year commences, as reported to the commissioner in February of the base year, including the results of the temporary school district address review, validation and correction process. The income of the city school district of the city of New York shall be the sum of the income of the boroughs of the city.
N.Y. Comp. Codes R. & Regs. Tit. 20 § 2385.1