§ 264. Provision of funds by county or town. Whenever the board of
supervisors shall have, by resolution, appropriated and made immediately
available to the requisition of the department of transportation an
amount sufficient to pay its share of the cost of the construction or
improvement which is to be borne by the county within which a state
highway or section thereof is located, such amount so appropriated shall
be a county charge and shall be paid by the county treasurer of the
county in which such highway or section thereof is located, upon the
requisition of the department of transportation. Such amount may be
provided pursuant to the local finance law, and the board of supervisors
shall provide for the assessment, levy and collection by tax of all or
any part of the share of the cost of such improvement apportioned to the
county which has not been provided for by the issuance of county
obligations. Any town may provide pursuant to the local finance law a
sufficient sum to pay the share of the cost of the construction or
improvement of a state highway, which is to be borne by the town as
apportioned by the department of transportation. The board of
supervisors shall, from time to time, impose upon the taxable property
of the town a tax sufficient to pay the principal and interest of such
town obligations, as the same shall become due. The board of supervisors
shall provide for the assessment, levy and collection by tax of all or
any part of the share or shares of the town or towns which has not been
provided for by the issuance of town obligations.