* § 1262-l. Allocation and distribution of certain net collections in
Warren county. (a) If the county of Warren enters into an agreement
pursuant to the authority of subdivision (c) of section twelve hundred
sixty-two of this article with the city of Glens Falls to allocate and
distribute a portion of net collections due the county from its taxes
imposed pursuant to the authority of subdivision (a) of section twelve
hundred ten of this article, the agreement may be for a term not
exceeding forty years and the state comptroller shall not disapprove
such agreement based on the length of its term, provided that such term
shall not exceed forty years.

(b) Notwithstanding any contrary provision of this article or of any
agreement between the city of Glens Falls and the county of Warren
pursuant to the authority of subdivision (c) of section twelve hundred
sixty-two of this article, if at any time the board of supervisors of
Warren county shall pledge all or a portion of net collections from
sales and compensating use taxes imposed by such county as described in
section twelve hundred sixty-one-a of this article, any obligation of
the county of Warren to allocate and distribute net collections to the
city of Glens Falls under any such agreement between such city and such
county shall be satisfied if the amounts due such city under such
agreement are instead paid by such county from moneys returned to such
county each month by the Warren and Washington county industrial
development agency or trustee, as the case may be, as provided in such
section twelve hundred sixty-one-a; or, in the event such moneys so
returned to such county are insufficient in any month to allow such
county to pay to such city the amounts required under such agreement,
such county shall make such payments to such city in the amounts and in
the manner set forth in such agreement.

* NB There are 2 § 1262-l's