N.Y. Comp. Codes R. & Regs. tit. 9 § 1644-3.10
Like the interest on housing bonds, the remittance for the installment of amortization must be forwarded to the division, for transmittal to the State Comptroller, so that it is in the latter's hands, for deposit in the State Housing Debt Fund, at least 15 days in advance of the date the amortization is due to be paid to the bondholders. The entry for the remittance of amortization will come through the voucher register, as follows:
Entry (5):
Debit: Account 1124, State Housing Fund.. $XXX................................................................................................
Credit: Account 1112, Administration Fund.. $XXX................................................................................................
N.Y. Comp. Codes R. & Regs. Tit. 9 § 1644-3.10
That the credit for the remittance will always be to the administration fund, inasmuch as no part of the provision for amortization may be charged to development costs or to the related programs.