Section 93-D. Payroll payment by banks or trust companies

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The governing
  body  of  any   municipal   corporation,   school   district,   district
  corporation,  town  or county improvement district, public authority, or
  public corporation may enter into a contract to provide for the  deposit
  of  the  periodic payroll of such corporations, districts or authorities
  in a bank or trust company for disbursal by them in accordance with  the
  provisions of section ninety-six-b of the banking law.

                    
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