§ 1148. Deposit and disposition of revenue. (a) All taxes, interest
and penalties collected or received by the commissioner under this
article shall be deposited and disposed of pursuant to the provisions of
section one hundred seventy-one-a of this chapter; provided however, the
comptroller shall on or before the twelfth day of each month, pay all
such taxes, interest and penalties collected under this article and
remaining to the comptroller's credit in such banks, banking houses or
trust companies at the close of business on the last day of the
preceding month, into the general fund of the state treasury.

(b) Provided however, before the funds may be distributed pursuant to
subdivision (a) of this section, such funds shall be distributed as
otherwise provided in sections ninety-two-d, ninety-two-h, and
ninety-two-r of the state finance law and sections eleven hundred two,
eleven hundred four and eleven hundred nine of this article.

(c) Provided however, after funds are distributed pursuant to
subdivision (b) of this section but before such funds are distributed
pursuant to subdivision (a) of this section, funds shall be deposited by
the comptroller into the New York central business district trust fund
established pursuant to section ninety-nine-ff of the state finance law
in accordance with the following schedule: (1) in state fiscal year two
thousand nineteen - two thousand twenty, one hundred twelve million five
hundred thousand dollars; (2) in state fiscal year two thousand twenty -
two thousand twenty-one, one hundred fifty million dollars; and (3) in
state fiscal year two thousand twenty-one - two thousand twenty-two and
every succeeding state fiscal year, an amount equal to one hundred one
percent of the amount deposited in the immediately preceding state
fiscal year. The funds deposited into the New York central business
district trust fund shall be deposited monthly in equal installments.