N.Y. STF Law § 54-L

§ 54-l. State assistance to eligible cities and eligible\nmunicipalities in which a video lottery gaming facility is located. 1.\nDefinitions. When used in this section, unless otherwise expressly\nstated:\n a. "Eligible city" shall mean a city with a population equal to or\ngreater than one hundred twenty-five thousand and less than one million\nin which a video lottery gaming facility is located and operating as of\nJanuary first, two thousand nine pursuant to section sixteen hundred\nseventeen-a of the tax law.\n b. "Eligible municipality" shall mean a county, city, town or village\nin which a video lottery gaming facility is located pursuant to section\nsixteen hundred seventeen-a of the tax law that is not located in a city\nwith a population equal to or greater than one hundred twenty-five\nthousand.\n 2. a. Within the amount appropriated therefor, an eligible city shall\nreceive an amount equal to the state aid payment received in the state\nfiscal year commencing April first, two thousand eight from an\nappropriation for aid to municipalities with video lottery gaming\nfacilities.\n b. Within the amounts appropriated therefor, eligible municipalities\nshall receive an amount equal to seventy percent of the state aid\npayment received in the state fiscal year commencing April first, two\nthousand eight from an appropriation for aid to municipalities with\nvideo lottery gaming facilities, except as otherwise provided by\nsubdivision five of this section.\n 3. a. State aid payments made to an eligible city pursuant to\nparagraph a of subdivision two of this section shall be used to increase\nsupport for public schools in such city.\n b. State aid payments made to an eligible municipality pursuant to\nparagraph b of subdivision two of this section shall be used by such\neligible municipality to: (i) defray local costs associated with a video\nlottery gaming facility, or (ii) minimize or reduce real property taxes.\n 4. Payments of state aid pursuant to this section shall be made on or\nbefore June thirtieth of each state fiscal year to the chief fiscal\nofficer of each eligible city and each eligible municipality on audit\nand warrant of the state comptroller out of moneys appropriated by the\nlegislature for such purpose to the credit of the local assistance fund\nin the general fund of the state treasury.\n 5. The town and county in which the facility defined in paragraph five\nof subdivision a of section sixteen hundred seventeen-a of the tax law\nis located shall receive assistance payments made pursuant to this\nsection at the same dollar level realized by the village of Monticello,\nSullivan county, the town of Thompson, Sullivan county, and Sullivan\ncounty in the state fiscal year commencing April first, two thousand\nnineteen; provided however that the amount that was allocated to the\nvillage of Monticello shall be distributed evenly between such town and\nsuch county. Any payments made pursuant to this subdivision shall not\ncommence until the facility defined in paragraph five of subdivision a\nof section sixteen hundred seventeen-a of the tax law has realized\nrevenue for a period of twelve consecutive months.\n