'allocate it to' is a correct and common phrase that can be used in written English.
It is commonly used when talking about assigning a certain task or responsibility to someone/something. Example sentence: I'm pressed for time, so let's allocate it to someone else in the team.
The Barbudan material, and particularly the skulls, shows a number of features distinctive enough for an oryzomyine to persuade Ray to allocate it to its own subgenus and species.
Allocate it to helping others own property.
It keeps our spirits up and we can allocate it to our continuing publishing programme.
The funding goes to the Office of Management and Budget, and they allocate it to various agencies to implement programs.
Wall Street firms set aside money all year for bonuses and allocate it to employees after they know their year-end results.
They have the flexibility to attract finance from any source and to allocate it to any entity well placed to act effectively.
So SocGen originates the debt, keeps a slice of it on its balance-sheet, and hands the rest to AXA, which then allocates it to its funds.
Most of the attention paid to Enron 's finances has focused on its balance sheet in particular how it hid debt by allocating it to supposedly independent private partnerships.
They tentatively allocated it to the multituberculate subgroup Cimolodonta on the basis of its enamel microstructure, which particularly recalls Ptilodontoidea (one of the subgroups of Cimolodonta), and the convex front margin of the tooth.
One of the most likely ways of ensuring competition for the BBC in public service broadcasting is to take back some of the licence-fee cash reserved for helping consumers with digital switchover and re-allocate it to other broadcasters after 2012.
Once you allocate overhead costs, such as depreciation ($663m, which Amtrak treats as a company-wide cost as it has yet to produce a formula for allocating it to individual routes), the picture for the rail network looks grim.
