§ 92-b. Stock transfer tax fund. 1. There is hereby established in the\ncustody of the commissioner of taxation and finance a special fund, to\nbe known as the stock transfer tax fund.\n 2. Such fund shall consist of the revenues derived from the stock\ntransfer tax imposed by article twelve of the tax law and all other\nmoneys credited or transferred thereto from any other fund or source\npursuant to law.\n 3. The moneys received from such tax and other sources in such fund,\nafter deducting the amount the commissioner of taxation and finance\nshall determine to be necessary for reasonable costs of the state tax\ncommission in administering, collecting and distributing such tax,\ncommencing with the fiscal year ending March thirty-first, nineteen\nhundred seventy-seven, shall be appropriated to (i) the municipal\nassistance corporation for the city of New York created pursuant to\ntitle three of article ten of the public authorities law in order to\nenable such corporation to fulfill the terms of any agreements made with\nthe holders of its notes and bonds and to carry out its corporate\npurposes including the maintenance of the capital reserve fund and (ii)\nto the extent such moneys are not required by such corporation as\nprovided in subdivision seven of section ninety-two-d of this chapter\nand, after deducting the amount such commissioner shall determine to be\nnecessary for reasonable costs of the state tax commission in\nadministering and making distributions in accordance with the provisions\nof section two hundred eighty-a of the tax law from the stock transfer\nincentive fund, to the stock transfer incentive fund created pursuant to\nsection ninety-two-i of this chapter to enable rebates to be made from\nsuch fund under the provisions of section two hundred eighty-a of the\ntax law and (iii) to the extent such moneys are not required by such\nfund, as certified by the commissioner of taxation and finance, the\nbalance shall be appropriated to the city of New York, for the support\nof local government.\n 4. After the deduction of such costs of the state tax commission in\nadministering, collecting and distributing such tax, the balances in the\nstock transfer tax fund so appropriated shall be distributed and paid on\nthe last business day of September, December, March and June into the\nspecial account established for the municipal assistance corporation for\nthe city of New York in the municipal assistance tax fund established\npursuant to subdivision one of section ninety-two-d of this chapter,\nunless and to the extent the balances in such fund on each such payment\nday are not required by such corporation as provided in said subdivision\nseven of said section ninety-two-d in which case the balance not so\nrequired, if any, after the deduction of such costs of the state tax\ncommission in administering and making distributions in accordance with\nthe provisions of section two hundred eighty-a of the tax law from the\nstock transfer incentive fund shall be distributed and paid to the stock\ntransfer incentive fund in the custody of the commissioner of taxation\nand finance established pursuant to section ninety-two-i of this chapter\nand unless and to the extent that the balances in the stock transfer tax\nfund on each such payment day are not required by the stock transfer\nincentive fund as provided in such section ninety-two-i of this chapter\nin which case the balance not so required, if any, shall be distributed\nand paid to the chief fiscal officer of the city of New York to be paid\ninto the treasury of the city to the credit of the general fund or paid\nby the commissioner of taxation and finance to such other account or\nfund as may be designated in writing by such chief fiscal officer at\nleast ten business days prior to such last day and on each such day, the\ncommissioner of taxation and finance shall certify to the comptroller\nthe amount deducted for administering, collecting and distributing such\
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