ยง 2127. Liability  of collector for moneys lost.  If by the neglect of
  the collector any moneys shall be lost to a school district, which might
  have been collected within the time limited in the warrant delivered  to
  him  for  their collection, he shall forfeit to such district the amount
  of the moneys thus lost, and shall account for and pay over the same  to
  the  trustees  of  such district, in the same manner as if they had been
  collected.
Structure New York Laws
Title 2 - School District Organization
Article 43 - School District Officers--Town and County Officials
Part 2 - District Clerk; Treasurer; Collector
2121 - Duties of District Clerk.
2122 - Powers and Duties of District Treasurer in Common School District.
2123 - Compensation of Clerk and Treasurer in Common School Districts.
2124 - Collector's Official Undertaking in Common School District.
2125 - Collector to Disburse State Moneys.
2126 - Payments and Reports by Collector.
2127 - Liability of Collector for Moneys Lost.
2128 - Remedy of Trustees Against Collector in Default.
2129 - Deposit of Moneys by Treasurer and Collector.
2130 - Clerk, Treasurer and Collector in Union Free School District.