New York Laws
Title 3 - Municipal Assistance Corporation for the City of New York
3037-A - Funding Capital Projects.

* § 3037-a. Funding capital projects. The amounts paid to the city for
purposes set forth in subparagraph (b) of section three thousand
thirty-seven of this title, in addition to all other authorized amounts,
shall include amounts required by the city (i) to fund eight hundred
sixty-five million dollars of capital commitments to the New York city
transit authority in accordance with the following schedule for the
fiscal years ending on June thirtieth in the following years: nineteen
hundred ninety, seventy million dollars; nineteen hundred ninety-one,
seventy million dollars; nineteen hundred ninety-two, seventy-five
million dollars; nineteen hundred ninety-three, one hundred million
dollars; nineteen hundred ninety-four, one hundred ten million dollars;
and nineteen hundred ninety-five, four hundred forty million dollars;
and (ii) to fund six hundred million dollars of capital commitments to
the New York city school construction authority in eight equal annual
installments of seventy-five million dollars beginning in the fiscal
year ending on June thirtieth, nineteen hundred ninety. All such amounts
shall be paid by the corporation to the city in accordance with the
provisions of paragraph (d) of subdivision three of section three
thousand thirty-three of this title.

* NB The corporation shall continue for a term ending the later of
July 1, 2008 or one year after its liabilities have been fully paid and
discharged per § 3033 sub 1.