(a) From any unencumbered balance in any fund which may be applied to
the payment thereof, or
(b) By a budgetary appropriation.
2. Notwithstanding the provisions of subdivision one of this
paragraph, bond anticipation notes may be redeemed, in whole or in part,
prior to the sale of the bonds in anticipation of which such notes were
issued, from any moneys which lawfully may be applied to the payment of
such notes.
Structure New York Laws
Article 2 - Local Indebtedness
Title 2 - Local Obligations: Types Thereof
20.00 - Types of Obligations Which May Be Issued.
22.00 - Sinking Fund Bonds of the City of New York.
22.10 - Sinking Fund Bonds of Municipalities and School Districts.
23.00 - Bond Anticipation Notes.
24.00 - Tax Anticipation Notes.
24.11 - Tax Receivable Notes for the City of Yonkers.
25.00 - Revenue Anticipation Notes.
26.00 - Temporary Alternative Methods of Financing Snow and Ice Removal Expenses.
26.10 - Temporary Alternative Methods of Financing Storm Relief Expenses.