N.Y. Tax Law § 1260

§ 1260. Revenues resulting from taxes administered by cities over one\nmillion. All taxes, penalties and interest resulting from the imposition\nof the taxes authorized under section twelve hundred one shall be paid\ninto the treasury of the city imposing the tax and shall be credited to\nand deposited in the general fund of any such city, but no such part of\nsuch revenues may be expended unless appropriated in the annual budget\nof such city.\n