N.Y. Educ. Law § 1517

§ 1517. Indebtedness of certain dissolved districts. Whenever any\nschool district is dissolved pursuant to the provisions of section\nfifteen hundred five of this article and annexed to an adjoining\ndistrict or adjoining districts or consolidated as provided in section\nfifteen hundred twelve, the indebtedness of any such district evidenced\nby bonds or notes or relating to school building construction shall\nthereupon become a charge upon the enlarged district formed by such\nannexation or consolidation. The board of education or trustees of such\nenlarged district shall raise by tax an amount sufficient to pay any\nsuch indebtedness of such district as the same shall become due.\n