New Jersey Statutes Title 54A. New Jersey Gross Income Tax Act 54A § 10-8

On or before December 1 annually, the director shall certify to the State Treasurer the amount of revenue sharing funds due each municipality under the provisions of this act.  The State Treasurer upon the certification of the director and upon the warrant of the State Comptroller shall pay to each municipality the amount due as follows:

Revenue sharing funds, except for funds to be distributed under section 5   1 shall be paid annually in quarterly installments on February 1, May 1, August 1 and November 1.  Revenue sharing funds to be distributed under section 5 shall be paid on November 1, 1977 and annually thereafter.  Each installment shall consist of 25% of the total amount due.