§ 2523. Moneys; custody and disbursement. 1. The treasurer of each
city school district shall demand, collect, receive and have the care
and custody of moneys belonging to or due the district from every
source. On the business day next following the day of their receipt the
treasurer shall deposit in his name, as treasurer of the city school
district, all such moneys in or with such banks or trust companies as
shall have been designated as depositaries of the moneys of such
district. Where the board of education with the written consent of the
city authorities, has appointed a city officer as city school district
treasurer, such treasurer may not commingle school district funds with
city funds.

2. Such moneys shall be disbursed only on the signature of such
treasurer by checks payable to the person or persons entitled thereto.
The board of education may in its discretion require that such
checks-other than checks for salary, be countersigned by another
officer of such district. When authorized by resolution of the board of
education such checks may be signed with the facsimile signature of the
treasurer and other district officer whose signature is required, as
reproduced by a machine or device commonly known as a check-signer. Each
check drawn by the treasurer shall state the fund against which it is
drawn. No fund shall be overdrawn nor shall any check be drawn upon one
fund to pay a claim chargeable to another. No money shall be paid out by
the treasurer except upon the warrant of the clerk of the board of
education after audit and allowance by such board, or if a claims
auditor shall have been appointed, except upon the warrant of such
claims auditor after audit and allowance thereof; provided, however,
when provision for payment has been made in the annual budget the
treasurer may pay, without such warrant or prior audit and allowance,
(a) the principal of and interest on bonds, notes or other evidences of
indebtedness of the district or for the payment of which the district
shall be liable, and (b) compensation for services of officers or
employees engaged at agreed wages by the hour, day, week, month or year
upon presentation of a duly certified payroll. By resolution duly
adopted, the board may determine to enter into a contract to provide for
the deposit of the periodic payroll of the school district in a bank or
trust company for disbursal by it in accordance with provisions of
section ninety-six-b of the banking law.