Laws of New York (Last Updated: November 21, 2014)

Section 204. Agreements for payment of cost of construction by instalments

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The department, board or officer having control of such public parks may
  agree with the person or corporation with whom any contract may be  made
  for  the construction, equipment and operation of said railroad that the
  cost of such construction shall be paid by such  cities  in  instalments
  out  of the compensation which such person or corporation shall agree to
  pay to such cities under any such contract from time  to  time  as  such
  compensation shall be received.

                    
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