N.Y. Public Authorities Law § 2473
* § 2473. State aid guarantee; withholding thereof. 1. In the event that a participating municipality fails to make its required payment, in whole or in part, to the authority, the chairman of the authority shall certify to the comptroller that such municipality has failed to meet its obligations. Such certificate shall be in such form as the authority deems desirable, but shall include the exact amount of payment required to satisfy such municipality's obligation to the authority.