Disposition of proceeds of bonds, notes or certificates

N.Y. Town Law § 234, under Financing of Public Improvements.

N.Y. Town Law § 234

§ 234. Disposition of proceeds of bonds, notes or certificates. All moneys derived from the sale of bonds or notes shall be kept as a separate fund by the supervisor. Such moneys shall be disbursed only in the manner provided by section one hundred nineteen of this chapter.