Section 1263 - Deposit of funds and use of funds not having assigned purposes(a) Deposit and use of net collections from taxes imposed by cities of over one million administered and collected by state tax commission. Net collections paid to the director of finance of the city of New York and any other appropriate fiscal officer of any city having a population of over one million, as provided for in section twelve hundred sixty-one, shall be deposited by such fiscal officer in the general fund of such city, but no part of such revenues may be expended by such city unless appropriated in the annual budget of such city.(b) Deposit and use of net collections by cities, counties and villages. Net collections received by or distributed to a county, a city with a population of less than one million or a village from taxes imposed pursuant to this article shall be paid into the treasury of the county, city or village and shall be credited to and deposited in the general fund thereof and, unless restricted by local law, ordinance or resolution to a specified purpose or purposes, shall be available for any county, city or village purpose of such county, city or village. Expenditures from the proceeds of any such tax shall not be considered as part of the cost of government within the meaning of any limitation on expenditures contained in any general, special or local law applicable to such county, city or village.