New York Laws
Article 15 - Financing of Public Improvements
234 - Disposition of Proceeds of Bonds, Notes or Certificates.

ยง 234. Disposition of proceeds of bonds, notes or certificates. All
moneys derived from the sale of bonds or notes shall be kept as a
separate fund by the supervisor. Such moneys shall be disbursed only in
the manner provided by section one hundred nineteen of this chapter.