Section 102. Authorization to make subsidies for the aid, care and support of the needy

Notwithstanding the provisions of section ninety-four  of
  this  article,  a municipality is authorized to make or contract to make
  capital subsidies for the construction, reconstruction, development  and
  capital  improvement  of public housing to an authority operating within
  the territorial limits of such municipality, payable either with  moneys
  locally  appropriated  therefor  from  the  general  fund or other funds
  available for current expenses of such municipality or from the proceeds
  of borrowings or other moneys available from the capital fund  or  other
  funds available for capital improvements of such municipality.