N.Y. State Fin. Law § 92-II

Current through 2024 NY Law Chapter 553
Section 92-II - Metropolitan transportation authority capital assistance fund
1. There is hereby established in the custody of the comptroller a special fund to be known as the metropolitan transportation authority capital assistance fund.
2. Such fund shall consist of any monies directed thereto pursuant to the provisions of section three of the part of the chapter of the laws of two thousand twenty which added this section.
3. All monies deposited into the fund pursuant to the part of the chapter of the laws of two thousand twenty which added this section shall be paid to the metropolitan transportation authority by the comptroller, without appropriation, for use in the same manner as the payments required by section two of such part, as soon as practicable but not more than five days from the date the comptroller determines that the full amount of the unpaid balance of any payment required by section three of such part has been deposited into the fund.

N.Y. State Fin. Law § 92-II

Added by New York Laws 2020, ch. 58,Sec. UUU-4, eff. 4/3/2020.