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N.Y. PBA Law § 2473

This is the official text of N.Y. PBA Law § 2473, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.

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State aid guarantee; withholding thereof

Official statutory text

* § 2473. State aid guarantee; withholding thereof. 1. In the event\nthat a participating municipality fails to make its required payment, in\nwhole or in part, to the authority, the chairman of the authority shall\ncertify to the comptroller that such municipality has failed to meet its\nobligations. Such certificate shall be in such form as the authority\ndeems desirable, but shall include the exact amount of payment required\nto satisfy such municipality's obligation to the authority.\n 2. The comptroller, upon receipt of such certificate from the\nauthority, shall withhold from the city, county, town or village or, in\nthe event the participating municipality is a public benefit corporation\nfrom the city, county, town or village on whose behalf such corporation\nwas created, state aid payable to such city, county, town or village to\nthe extent necessary to meet the required amount of payments. The\ncomptroller shall immediately pay over to the sports facilities income\nfund account the amount so withheld.\n * NB (Disbanded March, 1980)\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.