N.Y. EDN Law § 1909

§ 1909. State aid. 1. Public moneys shall be apportioned to such\ncentral high school district on account of the central high school\nmaintained therein, in the same amount and under the same conditions as\nin the case of apportionments to union free school districts on account\nof secondary instruction given in the public schools of such districts,\nunder the provisions of this chapter. There shall be apportioned to such\ncentral high school district the amounts allowed by section two thousand\nforty-five of this chapter for the instruction of non-resident academic\npupils, on account of pupils attending the high school in such central\nhigh school district from a district or districts included in such\ncentral high school district not maintaining an academic department at\nthe time of the establishment of such district.\n 2. Any state aid representing tax savings duly provided by a component\nschool district of the central high school district pursuant to section\nthirteen hundred six-a of the real property tax law for taxes levied to\nfund expenditures of the central high school district shall be claimed\nby such component school district pursuant to subdivision three of\nsection thirteen hundred six-a of the real property tax law, and any\nresulting payment of state aid to the component school district based on\nsuch tax savings shall be paid by the component school district, within\nten days after receipt of such payment, over to the treasurer of such\ncentral high school district in an amount equal to the product of the\ntotal payment received by such component school district for all tax\nsavings provided pursuant to section thirteen hundred six-a of the real\nproperty tax law multiplied by the quotient of the tax savings provided\nfor taxes levied to fund expenditures of the central high school\ndistrict divided by the total tax savings duly provided by such\ncomponent school district pursuant to section thirteen hundred six-a of\nthe real property law.\n