Section 2435-A. Special program agreements

(1) In order to fulfill the
  purposes of this title and to provide  a  means  by  which  the  special
  program municipalities may (a) receive moneys to refund certain property
  taxes  determined  to be in excess of state constitutional tax limits or
  to reimburse the special program municipalities for the prior  refunding
  of  such  taxes  or  (b)  receive  moneys  to  be applied to the cost of
  settling litigation involving  the  city  school  districts  of  special
  program  municipalities and the teachers' unions in such special program
  municipalities, or (c)  receive  moneys  for  the  financing  of  public
  improvements   to   be  applied  to  the  cost  of  the  reconstruction,
  rehabilitation or renovation of an educational facility pursuant to  the
  provisions  of subdivision (b) of section sixteen of chapter six hundred
  five of the laws  of  two  thousand,  or  (d)  receive  moneys  for  the
  financing  of public improvements to be applied to the cost of a project
  for design,  reconstruction  or  rehabilitation  of  a  school  building
  pursuant  to  the provisions of section fourteen of the city of Syracuse
  and the board of education of the city school district of  the  city  of
  Syracuse  cooperative school reconstruction act, and notwithstanding any
  general or special law to the contrary,  the  agency  and  each  special
  program  municipality  are  hereby  authorized to enter into one or more
  special program agreements,  which  special  program  agreements  shall,
  consistent  with  the  provisions  of  this  title,  contain such terms,
  provisions and conditions as, in the judgment of the  agency,  shall  be
  necessary or desirable. Each special program agreement shall specify the
  amount   to   be  made  available  to  the  respective  special  program
  municipality from the proceeds of an issue of special program bonds  and
  shall   require   such   special   program   municipality,   subject  to
  appropriation by  the  appropriate  legislative  body  of  such  special
  program  municipality, to make payments to the agency in the amounts and
  at the times determined by the agency to be  necessary  to  provide  for
  payment  of  such  issue  of  special program bonds and such other fees,
  charges, costs and other amounts as the agency  shall  in  its  judgment
  determine to be necessary or desirable.
    (2) Any special program agreement entered into pursuant to subdivision
  one  of  this  section  shall provide that the obligation of the special
  program municipality executing such special program agreement to fund or
  pay the amounts therein provided for shall not constitute a debt of such
  special program municipality within the meaning of any constitutional or
  statutory provision and shall be deemed executory only to the extent  of
  moneys available and that no liability shall be incurred by such special
  program  municipality  beyond  the moneys available for the purpose, and
  that  such  obligation  is  subject  to  annual  appropriation  by   the
  appropriate legislative body of such special program municipality.