N.Y. PBL Law § 19-B

§ 19-b. State aid; certain state-owned or reacquired lands. 1. State\naid shall be payable to any municipal corporation or special district as\nsuch terms are defined by section one hundred two of the real property\ntax law and hereinafter collectively referred to in this section as\n"taxing authority", when on any assessment roll the taxable assessed\nvaluation in such taxing authority is decreased in any year by reason of\nthe transfer of title or possession of land or improvements thereon to\nthe state or an agency of the state located at West Valley, Cattaraugus\ncounty and theretofore utilized by the corporation known as "Nuclear\nFuel Services, Inc.".\n 2. The state aid payable to a taxing authority pursuant to this\nsection shall be computed and paid during the first fiscal year of any\nsuch taxing authority commencing on or after January first, nineteen\nhundred eighty-one, and during each fiscal year thereafter. Such state\naid shall in each year be equal to the amount of taxes levied or which\nwould have been levied by or in behalf of the taxing authority against\nsuch lands and the improvements thereon on the last assessment roll\nfinally completed in nineteen hundred eighty.\n 3. Such state aid shall be payable upon application to the state\ncomptroller by the chief fiscal officer of the taxing authority which\nqualifies for aid pursuant to this section. The application shall be\nmade on a form prescribed by such comptroller and shall contain such\ninformation as such comptroller shall require. On or before January\nfifteenth the comptroller, in consultation with the board of real\nproperty services and other agencies as may be appropriate, shall submit\nto the governor and the legislature an annual accounting of state aid\npaid pursuant to this section during the preceding and current fiscal\nyears. Such accounting shall include, but not be limited to the number,\ntype and amount of such payments, as well as an estimate of payments to\nbe made during the remainder of the current fiscal year and during the\nfollowing fiscal year.\n