Section 2807-U. Transfers for tax credits

Upon receipt of the report from
  the  commissioner  of  taxation  and  finance   required   pursuant   to
  subdivision (i) of section fifteen hundred eleven of the tax law and the
  report from the superintendent of insurance required pursuant to section
  one  thousand one hundred twelve-a of the insurance law, the director of
  the budget shall forward such reports to  the  commissioner  of  health.
  Within  ten  days of receipt of such reports, the commissioner of health
  or the commissioner of  health's  designee,  from  funds  allocated  for
  distribution  in  accordance  with paragraphs (a) and (c) of subdivision
  seven of section twenty-eight hundred seven-s of this article, shall pay
  over to the state comptroller for deposit into the state's general  fund
  the  amounts specified therein as representing (1) the amount of credits
  claimed under subdivision (i) of section fifteen hundred eleven  of  the
  tax  law  and  (2)  the  amount by which taxes due and owing pursuant to
  section one thousand one  hundred  twelve  of  the  insurance  law  were
  reduced  because the amounts imposed and required to be paid pursuant to
  section twenty-eight hundred seven-t of this  article  were  allowed  as
  credits  in assessing the taxes imposed by such section one thousand one
  hundred twelve.