Section 1342. Payment by county treasurer

Within ten days after the school
  authorities of a school  district,  which  has  adopted  the  resolution
  pursuant  to  section  thirteen  hundred  thirty-six or section thirteen
  hundred thirty-seven of this chapter,  shall  have  transmitted  to  the
  county treasurer the statement of unpaid taxes in the manner provided by
  law,  the  county treasurer shall pay over to the officer charged by law
  with the custody of the school district moneys, an amount equal  to  the
  amount  of  taxes  which an owner of real property has elected to pay in
  installments pursuant to section thirteen hundred forty of this  chapter
  less  the amount of the first installment. Such payment may be made from
  moneys not otherwise appropriated or committed, from moneys appropriated
  for a contingent fund or pursuant to the local finance law.