* § 3036. Payments to the corporation; funds of the corporation. 1.\nNot less than one hundred twenty days before the beginning of each\nfiscal year of the corporation (but not later than July 1, 1975 for the\nfiscal year ending June 30, 1976), the chairman of the board of\ndirectors of the corporation shall certify to the state comptroller and\nto the mayor a schedule setting forth the cash requirements of the\ncorporation for such fiscal year and the time or times when such cash is\nrequired. The total amount so certified by such chairman for such fiscal\nyear shall be equal to: (i) the amounts which are required to be\ndeposited in the capital reserve fund authorized to be created and\nestablished pursuant to subdivision three of this section during such\nfiscal year in order to maintain such capital reserve fund of the\ncorporation at the level required in accordance with subdivision five of\nthis section; (ii) the amounts required to be deposited in the debt\nservice fund of the corporation to pay all interest and all payments of\nprincipal and redemption premium, if any, on notes and bonds secured by\nsuch debt service fund maturing or otherwise coming due during such\nfiscal year; and (iii) the amounts required to be deposited in the\noperating fund of the corporation, as determined by the corporation, to\nmeet the operating requirements and other expenses of the corporation\nduring such fiscal year. If any increase shall occur in the cash\nrequirements specified above, or if payments are required at a time or\ntimes earlier than previously certified or if the city shall for any\nreason fail to make timely payment of the principal and accrued interest\ndue on any obligation issued by the city to the corporation and maturing\nwithin the same fiscal year, such chairman shall certify a revised\nschedule of cash requirements for such fiscal year to the state\ncomptroller and to the mayor. The schedule accompanying each\ncertification (or revision thereof) shall provide for such payment dates\nas the corporation deems appropriate to assure that sufficient funds\nwill be available from the sources identified below to enable it to meet\nits current obligations as they come due. Upon receipt of such\ncertification, or any revision thereof, the state comptroller shall pay\nsuch amount to the corporation for deposit in the appropriate funds, in\naccordance with such certification from the special account established\nfor the corporation in the municipal assistance tax fund, in accordance\nwith subdivision one of section ninety-two-d of the state finance law,\nincluding any amount transferred to the municipal assistance tax fund\nfrom the stock transfer tax fund pursuant to subdivision four of section\n92-b of the state finance law. Any such payment shall be made within\nthirty days of receipt of the certification or at the time specified in\nthe certification, whichever is later; provided that any such amounts\nshall have been first appropriated by the state for such purpose or\nshall have been otherwise made available. Any amount so paid to the\ncorporation shall be deducted from the amount otherwise payable to the\ncity from the municipal assistance tax fund established by section\nninety-two-d of the state finance law and shall not obligate the state\nto make, nor entitle the city to receive, any additional payments.\n 2. Notwithstanding subdivision one of this section, prior to any\ntransfers from the stock transfer tax fund to the municipal assistance\ntax fund, moneys, if any, payable to any other public benefit\ncorporation from such fund pursuant to the provision of any law, the\neffective date of which is prior to the effective date of this title,\nshall be paid in full to such other corporation.\n 3. The corporation shall create and establish a special fund (herein\nreferred to as capital reserve fund), and shall pay into such capital\nreserve fund (i) any moneys appropriated and made available by the state\nfor the
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