Section 99-D. City university stabilization account

1. There is hereby
  established in the joint  custody  of  the  state  comptroller  and  the
  commissioner  of taxation and finance an account to be known as the city
  university stabilization account.
    2.  Such  account  shall  consist  of  any  and  all  unexpended   and
  unencumbered  moneys  in  the  fiduciary  fund appropriated for the city
  university  of  New  York  senior  colleges,  net  of   reductions   for
  deficiencies  in  tuition  and  fee  collections  as  determined  by the
  director of the budget, available  as  of  the  last  day  of  the  city
  university  fiscal  year as reduced pursuant to section six thousand two
  hundred twenty-one of the education law to reflect any aggregate  amount
  established  by  the  director  of  the  budget  less  than  the  amount
  appropriated. Such moneys shall be transferred by the state  comptroller
  into  the  stabilization  account on or before the next fifteenth day of
  September succeeding the last day of the city university fiscal year.
    3. Moneys  of  the  account  shall  only  be  available  to  the  city
  university  of  New York and following appropriation by the legislature,
  shall be credited to the senior colleges and/or  central  administration
  stabilization   subaccounts   from  which  the  savings  were  achieved.
  Notwithstanding section forty of this chapter, section six thousand  two
  hundred  twenty-one  of  the  education  law  or  any  other  law to the
  contrary,  all  appropriations  made  from  this  account  to  the  city
  university  of  New  York  shall remain in full force and effect for two
  years from the effective date of the chapter in which the appropriations
  were made. Moneys shall be paid out of the  account  on  the  audit  and
  warrant  of  the  state comptroller on vouchers certified or approved by
  the chancellor of the  city  university  of  New  York  or  his  or  her
  designee.
    * NB There are 2 § 99-d's