New York Laws
Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts
138.00 - Debt Statement to Show Net Indebtedness.

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.