The Court relied on precedent to find that the special assessments should not be considered a revenue bill.
Lovelace was granted £1600 by a revenue bill on 5 May 1709.
Under legislative rules, a revenue bill would have to be introduced on Tuesday if a vote were to be held on it by Friday.
"So this is the revenue bill for the state of New York," she said.
The vote on the revenue bill set the stage for a veto-override battle that legislative leaders predict they will win.
A legislative aide said the revenue bill includes an increase in the sales tax for the next three years, to 4.25 percent from 4 percent.
Last year, the Senate Democrats voted unanimously against a revenue bill that included $1.8 billion in new taxes and fees.
One of the most significant changes is an amendment to a revenue bill that would end tax credits for American companies doing business in South Africa.
"We won't be able to get enough people together in a room to get a revenue bill."
In an effort to embarrass the governor, the Senate refused to pass a revenue bill, leaving the governor with no money to run the state.