§ 92-i. Stock transfer incentive fund. 1. There is hereby established\nin the sole custody of the commissioner of taxation and finance a\nspecial fund to be known as the stock transfer incentive fund.\n 2. Such fund shall consist of moneys paid thereto from the stock\ntransfer tax fund as provided in subdivision four of section\nninety-two-b of this chapter and all other moneys appropriated, credited\nor transferred thereto from any other fund or source pursuant to law.\n 3. On the last business day of each of the months of September,\nDecember, March and June of each year commencing December thirty-first,\nnineteen hundred seventy-seven, the commissioner of taxation and finance\nshall determine the sum of (i) the amounts allowable as rebates of the\ntax that is imposed by article twelve of the tax law and is paid on\ntransactions executed or effected during the three calendar months\nending on the next-to-the-last business day of each such month and such\namounts not previously allowed for a preceding period pursuant to\nsubdivision one of section two hundred eighty-a of the tax law and, (ii)\nsuch amounts allowable as rebates pursuant to subdivision two of such\nsection and (iii) on such last business day of June, nineteen hundred\nseventy-nine and on each of such last days occurring after the last\nbusiness day of June, nineteen hundred seventy-nine such amounts\nallowable and payable as rebates for the period April seventeenth,\nnineteen hundred seventy-eight through September thirtieth, nineteen\nhundred seventy-eight and on such last day of June, nineteen hundred\nseventy-nine and on each of such last days occurring after such last day\nof June, nineteen hundred seventy-nine such amounts allowable and\npayable as rebates for the October first to September thirtieth period\npreceding such day by eight or more months pursuant to subdivision two-a\nof such section.\n 4. On the last business day of each such month the commissioner of\ntaxation and finance shall certify to the director of the budget, the\nstate comptroller and the chief fiscal officer of the city of New York\neach of the amount finally determined under clauses (i), (ii) and (iii)\nof subdivision three of this section.\n 5. The amount so certified on such last business day under subdivision\nfour of this section shall constitute the amount required to be paid\ninto the stock transfer incentive fund from the stock transfer tax fund\npursuant to section ninety-two-b of this chapter.\n 6. (a) (1) For the period beginning August first, nineteen hundred\nseventy-eight and ending June thirtieth, nineteen hundred seventy-nine,\non the last business day of each of the months of September, December,\nMarch and June, the commissioner of taxation and finance shall certify\nto the comptroller the amount of the tax imposed by this article\ncollected during the three month period ending on each such last\nbusiness day, except that on September thirtieth, nineteen hundred\nseventy-eight, the commissioner shall certify only the amount of such\ntax collected on and after August first, nineteen hundred seventy-eight.\nThe state comptroller shall pay forthwith an amount equal to one-half of\ntwenty-five percent of the amount so certified from the general fund of\nthe state of New York to the extent that moneys have been appropriated\nand made available therefor; provided, however, that in no event shall\nthe amount so paid exceed sixteen million dollars in the state fiscal\nyear beginning April first, nineteen hundred seventy-eight.\n (2) Upon receipt of each certification of the commissioner of taxation\nand finance provided for in subdivision four of this section, on and\nafter December thirty-first, nineteen hundred seventy-nine and on or\nbefore September thirtieth, nineteen hundred eighty, the state\ncomptroller shall forthwith pay an amount equal to one-half of the\namount certified by such commissioner as rebates allowable under the\nprovisions of clause (i) of subd
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