Public Authorities Law § 2473 · Title 19. New York State Sports Authority

State aid guarantee; withholding thereof

Verbatim from the official edition

Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)

* § 2473. State aid guarantee; withholding thereof. 1. In the event that a participating municipality fails to make its required payment, in whole or in part, to the authority, the chairman of the authority shall certify to the comptroller that such municipality has failed to meet its obligations. Such certificate shall be in such form as the authority deems desirable, but shall include the exact amount of payment required to satisfy such municipality's obligation to the authority.

2. The comptroller, upon receipt of such certificate from the authority, shall withhold from the city, county, town or village or, in the event the participating municipality is a public benefit corporation from the city, county, town or village on whose behalf such corporation was created, state aid payable to such city, county, town or village to the extent necessary to meet the required amount of payments. The comptroller shall immediately pay over to the sports facilities income fund account the amount so withheld.

* NB (Disbanded March, 1980)

Source of truth

Edition: Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
Official file: https://legislation.nysenate.gov/pdf/laws/PBA2473
Text hash: sha256 107571d9f1d019b4fd69bce7229051bb676c234c5941a5e16629456c3b975a2d
Composed by: gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order

The Senate's note "(Disbanded March, 1980)" is printed with the text.

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.