1342 - Payment by county treasurer.

§  1342. Payment by county treasurer. Within ten days after the school  authorities of a school  district,  which  has  adopted  the  resolution  pursuant  to  section  thirteen  hundred  thirty-six or section thirteen  hundred thirty-seven of this chapter,  shall  have  transmitted  to  the  county treasurer the statement of unpaid taxes in the manner provided by  law,  the  county treasurer shall pay over to the officer charged by law  with the custody of the school district moneys, an amount equal  to  the  amount  of  taxes  which an owner of real property has elected to pay in  installments pursuant to section thirteen hundred forty of this  chapter  less  the amount of the first installment. Such payment may be made from  moneys not otherwise appropriated or committed, from moneys appropriated  for a contingent fund or pursuant to the local finance law.