N.Y. Tax Law § 1260

Current through 2024 NY Law Chapter 456

Section 1260 - Revenues resulting from taxes administered by cities over one million

All taxes, penalties and interest resulting from the imposition of the taxes authorized under section twelve hundred one shall be paid into the treasury of the city imposing the tax and shall be credited to and deposited in the general fund of any such city, but no such part of such revenues may be expended unless appropriated in the annual budget of such city.

N.Y. Tax Law § 1260