Section 499-D. Deposit and disposition of revenue from supplemental fee


Latest version.
  • The
      commissioner  shall  deposit daily all funds derived from the collection
      of the supplemental fee established pursuant to this article  with  such
      responsible   banks,  banking  houses  or  trust  companies  as  may  be
      designated by the state comptroller, to the credit of  the  comptroller.
      On  or  before  the  twelfth  day  of each month, the commissioner shall
      certify to the comptroller the amount of all revenues received  pursuant
      to  this  article during the prior month as a result of the supplemental
      fee imposed, including any interest and penalties thereon. The  revenues
      so  certified  shall  be  deposited  by  the  state  comptroller  in the
      metropolitan  transportation  authority  aid  trust   account   of   the
      metropolitan   transportation   authority   financial   assistance  fund
      established pursuant to section ninety-two-ff of the state  finance  law
      for  deposit,  subject to appropriation, in the corporate transportation
      account of the metropolitan transportation authority special  assistance
      fund  established  by  section  twelve  hundred  seventy-a of the public
      authorities  law,  to  be  applied  as  provided  in  paragraph  (e)  of
      subdivision  four  of such section. Any money collected pursuant to this
      section that  is  deposited  by  the  comptroller  in  the  metropolitan
      transportation   authority   aid   trust  account  of  the  metropolitan
      transportation authority financial assistance fund shall be held in such
      fund free and clear of any claim by  any  person  or  entity  paying  an
      additional fee pursuant to this section, including, without limiting the
      generality of the foregoing, any right or claim against the metropolitan
      transportation  authority,  any of its bondholders, or any subsidiary or
      affiliate of the metropolitan transportation authority.