The supervisor of the town or towns within which the schoolhouse of the dissolved district was situated may demand, sue for and collect, in the name of his office, any money of the district outstanding in the hands of any of its former officers, or any other person; and, after deducting his costs and expenses, shall report the balance to the district superintendent who shall apportion the same equitably among the districts to which the parts of the dissolved district were annexed, to be by them applied as their district meeting shall determine.
New York Legal Code