N.Y. STF Law § 97

§ 97. Housing debt fund, and urban renewal debt fund. All the moneys\nrepaid to the state, both principal and interest on account of\nadvancements made and to be made to cities, towns, villages or public\ncorporations specified in section two of article eighteen of the state\nconstitution from proceeds of state bonds sold or to be sold to provide\nmoneys for low rent housing or urban renewal shall, when received, be\npaid into and shall constitute a special fund in the state treasury to\nbe known as "housing debt fund," or "urban renewal debt fund," as the\ncase may be. Such fund shall be available only for payment of\nappropriations to pay installments of principal of and interest on such\nbonds. Appropriations in any year to pay installments of principal of\nand interest on any such state bonds shall first be paid from such\nspecial fund, so far as the amount of moneys therein will pay the same,\nand the remainder, if any, shall be paid from any other moneys in the\nstate treasury not otherwise appropriated.\n