§ 3-d. Receipts and disbursements of payrolls. By resolution duly adopted, the common council or other legislative body of the city, may determine to enter into a contract to provide for the deposit of the periodic payroll of the city in a bank or trust company for disbursal by it in accordance with provisions of § 96-b of the banking law.

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Terms Used In N.Y. General City Law 3-D

  • Contract: A legal written agreement that becomes binding when signed.