Enacts the "New York state property taxpayers protection act"

Enacts the "New York state property taxpayers' protection act"; relates to limitations upon school district tax levies; requires the state to fund certain programs mandated for municipal corporations and school districts; requires the estimated cost of mandated expenditures and appropriations within the body of the bill; relates to the streamlining of planning and reporting requirements for school districts and boards of cooperative educational services; relates to the effectiveness of additional costs to school districts; relates to state payment of all optional medical assistance services and to the state reimbursement of county payments for medical assistance fraud, waste and abuse detection software; relates to the oversight of school district contracts and spending; establishes a municipal cooperation program; authorizes a county to enter into a cooperative agreement with school districts, towns and villages within such county to provide for health care benefits for their employees.