Includes the city of New York in the aid and incentives for municipalities program

This bill adds New York City to the state's existing aid and incentives program for municipalities, effective for fiscal years starting April 1, 2025. It directly affects New York City by requiring the state to provide it with $301.66 million annually (starting in 2029) for the fiscal year beginning April 1, 2029, and each subsequent year. The bill amends the state finance law to include NYC in the funding formula, specifying the exact payment amount for cities with over one million residents. This is a procedural change to expand eligibility, not a new policy.