2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 6 - The New York City School Construction Authority Act › 1736 - Funding of the Authority.

§  1736.  Funding  of  the authority. 1. Each year the authority shall
  prepare and the board shall adopt an itemized estimate  of  the  sum  of
  money  it  deems  necessary from the city board to cover the authority's
  operating expenses for the ensuing fiscal year. Such estimate shall take
  into account any prior year's surplus and shall be delivered to the city
  board for review at least ten  business  days  prior  to  the  date  for
  submission  of  the  city  board's  annual  estimate pursuant to section
  twenty-five hundred seventy-six  of  the  education  law  and  shall  be
  included  as part of such city board estimate. Upon appropriation of the
  city's expense budget for such ensuing fiscal year, the  amount  of  the
  authority's  estimate  shall  be  paid  to  the authority by the city in
  twelve equal payments, each payable on the first day of  each  month  of
  the  fiscal  year.  The  authority  shall not be required to present any
  vouchers for such payments, but shall issue quarterly reports not  later
  than  thirty  days  after  the  end  of  each  quarter  comparing actual
  expenditures to estimated expenditures  and  analyzing  any  significant
  variances.  The  authority  shall  develop  procedures to ensure that it
  operates at all times within the amounts payable to it pursuant to  this
  section,  after taking into account funds available to the authority for
  such purpose from sources other  than  the  city.  Expenditures  of  the
  authority from funds paid to it by the city shall be subject to audit by
  the  comptroller,  who  may recommend procedures designed to improve the
  authority's accounting and  expenditure  control  expenditures.  In  the
  event  the  authority's  cash  flow  projections  require  that funds be
  advanced more rapidly during a fiscal year than would occur pursuant  to
  the  payment dates set forth in this section, the authority shall advise
  the  city  board,  the  director  of  management  and  budget  and   the
  comptroller  of  such requirement. Such officials shall, in consultation
  with the authority, develop  a  schedule  of  advance  payments  to  the
  authority  designed  to  cover projected cash shortfalls during a fiscal
  year and to provide the  authority  with  cash  balances  at  all  times
  sufficient to permit prompt payment of the authority's creditors.
2.  The authority shall present vouchers for payment of costs incurred
  for projects the detailed scope of which approval has been obtained  and
  for  activities for which no such scope approval is required as provided
  in section twenty-five hundred ninety-p of  the  education  law  to  the
  comptroller,  which  vouchers  shall  contain the following information:
  the amounts to be paid; the payees; the project or purpose for which the
  costs were incurred; a statement that the amounts to be paid are  within
  city capital budget appropriations available therefor; and, with respect
  to projects for which scope approval has been obtained, a statement that
  the  amounts  to  be  paid  are in accordance with such approved project
  scope. The authority shall not be required  to  furnish  any  additional
  information  prior to payment of a voucher pursuant to this subdivision,
  and the comptroller is hereby  authorized  and  directed  to  take  such
  actions as may be necessary to make such payment.
3.  The  authority  shall  not  be  deemed a "covered organization" as
  defined in the New York state financial emergency act for  the  city  of
  New York.