§ 3056. Payments to the corporation; funds of the corporation. 1. Not\nless than one hundred twenty days before the beginning of each fiscal\nyear of the corporation (but not later than October first, nineteen\nhundred ninety-five for the fiscal year ending December thirty-first,\nnineteen hundred ninety-five), the chairman of the board of directors of\nthe corporation shall certify to the state comptroller and to the\ngovernor 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 required to be deposited in the\ndebt service fund of the corporation to pay all interest and all\npayments of principal and redemption premium, if any, on bonds and notes\npayable from the sources hereinafter identified in this section and\nmaturing or otherwise coming due during such fiscal year; (ii) the\namounts required to be deposited in the operating fund of the\ncorporation, as determined by the corporation, to meet the operating\nrequirements and other expenses of the corporation during such fiscal\nyear to the extent not otherwise provided for; (iii) the amounts\nrequired to be deposited in the bond reserve fund created and\nestablished pursuant to the agreements of the corporation made with the\nholders of its bonds or notes issued pursuant to section three thousand\nfifty-three of this title during such fiscal year in order to maintain\nthe bond reserve fund level required in accordance with the agreements\nof the corporation made with the holders of its bonds or notes issued\npursuant to section three thousand fifty-three of this title; (iv) the\namount, if any, due to any provider of any bond or note facility,\nrepresenting payments made by it as provided in the applicable\nresolution or trust indenture, including any related reasonable\ninterest, fees or charges so provided; (v) the amount, if any, required\nto be rebated to the United States to provide for continued federal tax\nexemption for bonds and notes of the corporation; and (vi) the amount,\nif any, required to be paid to the commissioner of environmental\nconservation to secure obligations of the city related to post-closure\ncare and potential corrective measures of the city's landfill. Such\ncertification shall also set forth the amount which would be necessary\nto be appropriated and available for deposit into the special account\nestablished for the corporation under subdivision one of section\nninety-two-e of the state finance law in the next succeeding state\nfiscal year to provide a minimum coverage ratio of one and one-half to\none on the debt service payable by the corporation in such succeeding\nfiscal year; provided, however, that for the purposes of the foregoing\ncalculation the term "debt service payable" shall include redemption\npremiums and the reasonably estimated amount of debt service on bonds\nand notes the corporation expects to issue after the date of the\ncertification and prior to the close of such succeeding fiscal year, and\nshall also include the interest on but not the principal of any notes\nissued or expected to be issued by the corporation pursuant to\nsubdivision two-a of section three thousand fifty-three of this title.\nIn determining the amount certified as necessary to provide the minimum\ncoverage ratio described in the preceding sentence, the chairman shall\nmake estimates covering the period corresponding to the next succeeding\nstate fiscal year of (a) the moneys available from other sources and\npledged to the payment of debt service in accordance with any agreements\nbetween the corporation and the holders of its bonds or notes, (b) the\namount of investment earnings on funds held by the corporation that the\ncorporation will apply to the payment of debt service, and (c) the\nfunding needed to meet the operating requirements and other expenses of\
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