Section 515. Disposition of revenues

All taxes, interest, penalties and
  fees collected or received pursuant to this article shall  be  deposited
  daily  in  one  account  with  such responsible banks, banking houses or
  trust companies as may be designated by  the  comptroller,  and  to  the
  credit of the comptroller on account of the dedicated highway and bridge
  trust  fund  established  pursuant to section eighty-nine-b of the state
  finance law. Such an account may be established in one or more  of  such
  depositories and such deposits shall be kept separate and apart from all
  other moneys in the possession of the comptroller. The comptroller shall
  require adequate security from all such depositories.
    Of  the  revenues  so  deposited,  the comptroller shall retain in his
  hands such amount as  the  commissioner  of  taxation  and  finance  may
  determine  to  be  necessary  for refunds or reimbursements of the taxes
  collected or received pursuant to this article to which taxpayers  shall
  be  entitled  under  the provisions of this article, out of which amount
  the comptroller shall pay any refunds or  reimbursements  of  the  taxes
  collected  or received pursuant to this article to which taxpayers shall
  be entitled under such provisions.  The comptroller, after reserving the
  amount to pay such refunds or reimbursements, shall, on  or  before  the
  last  day  of  each  month,  pay the balance of the revenue so deposited
  during such month into the  dedicated  highway  and  bridge  trust  fund
  established pursuant to section eighty-nine-b of the state finance law.