§ 93-d. Payroll payment by banks or trust companies. The governing
body of any municipal corporation, school district, district
corporation, town or county improvement district, public authority, or
public corporation may enter into a contract to provide for the deposit
of the periodic payroll of such corporations, districts or authorities
in a bank or trust company for disbursal by them in accordance with the
provisions of section ninety-six-b of the banking law.