* § 92-gg. Subway assistance fund. 1. There is hereby established in the custody of the comptroller a special fund to be known as the subway assistance fund.

Terms Used In N.Y. State Finance Law 92-GG*2

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization

2. The subway assistance fund shall consist of any monies directed thereto pursuant to the provisions of section four of part VV of the chapter of the laws of two thousand eighteen which added this section.

3. All monies deposited into the subway assistance fund pursuant to part VV of the chapter of the laws of two thousand eighteen which added this section shall be paid to the metropolitan transportation authority without appropriation, for use in the same manner as the payments required by subdivision (b) of 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 subdivision (b) of section two of such part has been deposited into the subway assistance fund.

* NB There are 2 § 92-gg's

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