§ 3964. Intercept of county tax revenues and state aid revenues. 1.
Commencing on the effective date of this title, and until December
thirty-first, two thousand thirty-nine, the state comptroller shall pay
county tax revenues at least monthly to the authority in accordance with
section twelve hundred sixty-one of the tax law. During such period, the
county shall impose sales and compensating use taxes pursuant to the
authority of subdivision (a) of section twelve hundred ten of the tax
law at a rate of no less than three percent.

2. Commencing on the effective date of this title, and until December
thirty-first, two thousand thirty-nine, the state comptroller shall pay
state aid revenues to the authority.

3. The county shall have no right, title, or interest in county tax
revenues or state aid revenues required to be paid to the authority
pursuant to this section.