§ 515. Disposition of revenues. All taxes, interest, penalties and
fees collected or received pursuant to this article shall be deposited
daily in one account with such responsible banks, banking houses or
trust companies as may be designated by the comptroller, and to the
credit of the comptroller on account of the dedicated highway and bridge
trust fund established pursuant to section eighty-nine-b of the state
finance law. Such an account may be established in one or more of such
depositories and such deposits shall be kept separate and apart from all
other moneys in the possession of the comptroller. The comptroller shall
require adequate security from all such depositories.

Of the revenues so deposited, the comptroller shall retain in his
hands such amount as the commissioner of taxation and finance may
determine to be necessary for refunds or reimbursements of the taxes
collected or received pursuant to this article to which taxpayers shall
be entitled under the provisions of this article, out of which amount
the comptroller shall pay any refunds or reimbursements of the taxes
collected or received pursuant to this article to which taxpayers shall
be entitled under such provisions. The comptroller, after reserving the
amount to pay such refunds or reimbursements, shall, on or before the
last day of each month, pay the balance of the revenue so deposited
during such month into the dedicated highway and bridge trust fund
established pursuant to section eighty-nine-b of the state finance law.

Notwithstanding the foregoing or any other law to the contrary, the
comptroller shall deposit all monies collected on account of the
registration fees imposed pursuant to section five hundred two-a and
subdivision eight of section five hundred nine of this article into the
highway use tax administration account established pursuant to section
ninety-nine-y of the state finance law. The monies deposited in such
account shall be available to the commissioner for the costs of issuing
the certificates of registration and highway use tax decals required by
this article and for any other costs of administering the provisions of
sections five hundred two, five hundred two-a and five hundred nine of
this article. Any moneys not used in a given year shall be returned to
such account and be added to the total funds available for disbursement
in the succeeding year.