Sun's curious identity

In combinatorics, Sun's curious identity is the following identity involving binomial coefficients, first established by Zhi-Wei Sun in 2002:

${\displaystyle (x+m+1)\sum _{i=0}^{m}(-1)^{i}{\dbinom {x+y+i}{m-i}}{\dbinom {y+2i}{i}}-\sum _{i=0}^{m}{\dbinom {x+i}{m-i}}(-4)^{i}=(x-m){\dbinom {x}{m}}.}$