Section 2050-UU. Solid waste facility reserve fund

The legislative bodies
  of the towns may establish a special fund, to be known  as  solid  waste
  facility  reserve  fund  of  such  town. There shall be credited to such
  reserve fund all amounts paid to such town and  specifically  designated
  by  the  payor for deposit in such reserve fund, together with such town
  moneys as may be appropriated thereto from time to time. Moneys in  such
  reserve funds may be appropriated only for the purpose of paying amounts
  due  from the town under the terms of any contract entered into pursuant
  to this title or for the construction, operation  or  closure  of  solid
  waste  management  facilities within the town, for which an insufficient
  or no provision has otherwise been made, except that upon  the  adoption
  of  a  resolution by at least a two-third vote of the voting strength of
  such towns legislative body, all or any portion of the  moneys  in  such
  reserve fund may be transferred to any other reserve fund established by
  the  town  pursuant  to  the  general  municipal  law. To the extent not
  inconsistent with the provisions of this section, the management of such
  reserve fund and the investment of moneys therein shall  be  subject  to
  the provisions of section six-h of the general municipal law.