ยง  138.00. Debt statement to show net indebtedness. The debt statement
  of a municipality, school district in a  city  or  fire  district  shall
  include  a statement of the total net indebtedness of such municipality,
  school district or fire district. Such total net indebtedness  shall  be
  computed  by  subtracting from gross indebtedness the total of the items
  which may be deducted therefrom  pursuant  to  section  136.00  of  this
  chapter.
Structure New York Laws
Article 2 - Local Indebtedness
130.00 - Application of Title.
131.00 - Definition of Obligations.
132.00 - Debt Statements; Agency Preparing.
135.00 - Statement of Total Debt; Inclusions in Ascertaining Gross Indebtedness.
136.00 - Statement of Total Debt; Deductions From Gross Indebtedness.
137.00 - Debt Statement of School Districts Outside Cities.
138.00 - Debt Statement to Show Net Indebtedness.
139.00 - Debt Statement to Show Valuations of Taxable Real Property.
140.00 - Debt Statement to Show Debt-Contracting Margin.
141.00 - State Comptroller to Prescribe Form of Debt Statement.
142.00 - Real Property Liabilities; Procedure for Ascertaining the Amount Thereof.