Section 193. Authorization to municipalities to adopt necessary local laws, ordinances or resolutions

Any municipality is  hereby  authorized  and
  empowered  to  adopt  and  amend  a  local  law, ordinance or resolution
  providing for supplemental retirement allowance payments both  to  local
  retired  employees  thereof  and  local  retired  teachers  of  a school
  district located therein.  Any such local law, ordinance  or  resolution
  shall  provide  an  equitable  method  of  computing  the amount of such
  payments. The supplemental retirement allowances paid to  local  retired
  employees  shall  not exceed the supplemental retirement allowances paid
  to state retired employees pursuant to this  article.  The  supplemental
  retirement  allowances  paid  to local retired teachers shall not exceed
  the supplemental retirement allowances paid to  state  retired  teachers
  pursuant  to  this article.  Any such local law, ordinance or resolution
  may  contain  provisions  necessary  and  appropriate  for  the   proper
  administration  of  such  supplemental  retirement  allowance  payments,
  including a provision requiring the filing of verified applications  for
  such payments.