Section 976. Return of unpaid installments of taxes; payment by county treasurer

1. On or before the first day of February following the  levy
  of  taxes,  the  collecting  officer  of  a  town  which  has  adopted a
  resolution pursuant  to  section  nine  hundred  seventy-three  of  this
  chapter,  shall  make  and deliver to the county treasurer a list of the
  names of the owners of real property who have elected to pay such  taxes
  in  installments  pursuant  to section nine hundred seventy-five of this
  chapter, together with an account, subcribed and affirmed by him as true
  under the penalties of perjury, of the balance of all  taxes  listed  on
  the  tax  roll which such owners have elected to pay in installments and
  which remain unpaid  at  such  time.  The  county  treasurer  shall,  if
  satisfied  that  such  account is correct, credit him with the amount of
  such unpaid taxes. Such return shall be in the form  prescribed  by  the
  county  treasurer.  Upon  such  return, the warrant with respect to such
  taxes as were included in such return shall be deemed expired.
    2. Within ten days after such collecting officer shall have  made  his
  return of unpaid installments of taxes as provided in subdivision one of
  this  section,  the county treasurer shall pay over to the supervisor of
  such town the amount of such unpaid installments of taxes,  included  in
  such  return,  which were levied for town and special district purposes.
  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.