§ 457. Regional distribution of petroleum business tax obligations
from the dedicated highway and bridge trust fund. For the period April
first, nineteen hundred ninety-three through March thirty-first,
nineteen hundred ninety-seven, the amount of three billion nine hundred
seventy-five million dollars in projected obligations from the dedicated
highway and bridge trust fund related to deposits made in accordance
with section three hundred one-j of the tax law shall be utilized within
the regions of the state in accordance with the following allocations:

(i) Hudson Valley Region, consisting of the counties of Westchester,
Rockland, Putnam, Dutchess, Columbia, Orange and Ulster Counties;
fourteen percent or up to five hundred fifty-six million five hundred
thousand dollars ($556,500,000);

(ii) Long Island Region, consisting of Nassau and Suffolk Counties;
twenty-three percent or up to nine hundred fourteen million two hundred
fifty thousand dollars ($914,250,000);

(iii) New York City Region, consisting of Richmond, Kings, Queens, New
York and Bronx Counties; twenty-three percent or up to nine hundred
fourteen million two hundred fifty thousand dollars ($914,250,000);

(iv) Upstate region, consisting of all counties of New York state not
included in subparagraphs (i), (ii), and (iii); forty percent or up to
one billion five hundred ninety million dollars; ($1,590,000,000).

In addition, it is the intent of the governor of the state of New
York, the temporary president of the senate and the speaker of the
assembly, on or before June fifteenth, nineteen hundred ninety-three, to
enter into a memorandum of understanding with respect to the
implementation of state and local highway projects to be supported by
dedicated funding pursuant to this chapter. The minority leaders of the
senate and assembly may also enter into such memorandum of
understanding. This memorandum of understanding will be based upon the
dedicated funding provided under the dedicated highway and bridge trust
fund, less required state matches to federal funds.