N.Y. Comp. Codes R. & Regs. tit. 8, § 2302.33
(c) The criteria to qualify for this aid are that such districts must have:
EITHER
1975-1976 Enrollment less than 1500 pupils and full valuation for
1975-76 aid less than $25,000 per pupil;
OR
Any enrollment and full valuation less than $20,000 per pupil;
AND
Received no title III or title IV-C grant previously.