The Director of Finance shall keep, be held accountable for and pay over according to law, or upon the directive or order of the Council authorizing disbursement of County funds, the proceeds of all County taxes levied, in the County and all other funds received from the Council or for the County and collected by him. The Director shall keep and pay over to the Treasurer of the State, according to law, all the State taxes levied in the County and collected by him. The Director shall deliver and pay over to all incorporated municipalities within the County and to all governmental agencies or commissions, according to law, all moneys that may have been collected by or come into the possession of the Director and belonging to such municipalities, agencies of commissions, semiannually or more often as may be required by law or deemed advisable by the Director.