N.Y. TAX Law § 1260
This is the official text of N.Y. TAX Law § 1260, part of New York’s TAX Law — part of the compiled statutory law of New York, published by the state as "TAX Law." Browse the sections below, each linked to its official government source.
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Revenues resulting from taxes administered by cities over one million
Official statutory text
§ 1260. Revenues resulting from taxes administered by cities over one\nmillion. All taxes, penalties and interest resulting from the imposition\nof the taxes authorized under section twelve hundred one shall be paid\ninto the treasury of the city imposing the tax and shall be credited to\nand deposited in the general fund of any such city, but no such part of\nsuch revenues may be expended unless appropriated in the annual budget\nof such city.\n
Status: in_force · Read it on the official government site
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