# The Local Authorities (Funds) (Wales) Regulations 1992, Paragraph 10


(1) Instead of determining a schedule of instalments in accordance with paragraph 9(1) to (3), the billing authority may determine that schedule in accordance with the provisions of this paragraph.
(2) The amount of a billing authority’s liability to a relevant local precepting authority shall become payable on whichever is the later of–
(a) a date, specified in the schedule of instalments, which is on or before the last working day of September in the financial year, or
(b) the last working day of the sixth month following the month in which a precept for that financial year is issued by that local precepting authority.

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Source: https://www.legislation.gov.uk/uksi/1992/2929/schedule/1/paragraph/10 (the official version)
Page: https://openlegislation.uk/local-authorities-funds-wales-regulations-1992/schedule-1/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.