(b) In the event that the mayor shall include in his proposed expense budget for the fiscal year nineteen hundred seventy-four--nineteen hundred seventy-five of such city an estimate of amounts payable from the corporation, the mayor shall, by July fifteenth of such fiscal year certify in writing to the corporation the amounts payable from the corporation which the city council deducted as part of the total amount of receipts as estimated by the mayor from the amount of the budget in fixing the tax rate pursuant to section fifteen hundred fifteen of the New York city charter. The amount as certified shall be the amount which is required by the city from the corporation. Upon receipt of such certification, the corporation may, within the limitation of aggregate indebtedness set forth in section twenty-five hundred thirty-six of this title, issue its notes or bonds in an amount adequate to provide the certified amount and shall promptly deliver such amount to the comptroller for deposit in the city's general fund. Such certification shall be deemed a finding by the mayor, city council and city board of estimate that the city is faced with a grave fiscal crisis warranting such financial assistance by the corporation.
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