§ 1342. Payment by county treasurer. Within ten days after the school
authorities of a school district, which has adopted the resolution
pursuant to section thirteen hundred thirty-six or section thirteen
hundred thirty-seven of this chapter, shall have transmitted to the
county treasurer the statement of unpaid taxes in the manner provided by
law, the county treasurer shall pay over to the officer charged by law
with the custody of the school district moneys, an amount equal to the
amount of taxes which an owner of real property has elected to pay in
installments pursuant to section thirteen hundred forty of this chapter
less the amount of the first installment. Such payment may be made from
moneys not otherwise appropriated or committed, from moneys appropriated
for a contingent fund or pursuant to the local finance law.