New York § 702 - 702Federal aid; custody and payment of funds
Full text of New York New York Consolidated Laws § 702 — 702Federal aid; custody and payment of funds, with citation guidance and answers to common questions.
§ 702. 702Federal aid; custody and payment of funds
§ 702. Federal aid; custody and payment of funds. 1. The department of taxation and finance is designated as custodian of all federal-aid funds allotted to the state for the purposes of this article by the United States. 2. Such funds shall be payable only on the audit and warrant of the comptroller on the certificate of the commissioner as provided in section one hundred ten of the state finance law. 3. Subject to the rules and regulations of the commissioner, such funds may be allocated to any municipal corporation, including the city of New York, and to any health district for the use of such municipal corporation or local health district in carrying out the purposes of such act of the congress.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 702
What does New York Consolidated Laws § 702 cover?
Section 702 ("702Federal aid; custody and payment of funds") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 702?
A common citation format is "New York Consolidated Laws § 702" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 702 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.