The County of Ulster shall be a participant in the
plan. Any city, town and village, any fire district in any town which
is not a member may elect to become participants in the plan. Any
eligible municipality or public entity electing to become a participant
shall file a certified copy of a resolution of its governing body
electing to become a participant, with membership to become effective
upon approval of the Plan Administrator. Any participant may withdraw
from the plan effective at the end of a fiscal year by filing with
the Clerk of the Legislature, on or before the preceding first day
of July, a certified copy of a resolution of its governing body, electing
to withdraw from the plan, upon the condition that it agrees to pay
its proportionate share of the estimated liabilities of the plan at
the time of withdrawal. Payment of such liabilities shall be made
in a lump sum or the administrator may, upon approval of the County
Executive, permit said payment to be made in installments.