N.Y. Arts and Cultural Affairs Law § 55.13: Moneys of the corporation

§ 55.13. Moneys of the corporation. 1. The moneys of the trust shall

be retained by it and deposited in a general account and such other

accounts as the trust may deem necessary for the transaction of its

business and shall be paid out on checks signed by the chairperson of

the corporation or by such other member or officer as the corporation

may authorize.

2. The comptroller of the state and his legally authorized

representatives are hereby authorized and empowered from time to time to

examine the accounts and books of the trust including its receipts,

disbursements, contracts, investments and any other matters relating to

its financial standing.

3. The trust shall submit to the governor, the chairperson of the

senate finance committee, the chairperson of the assembly ways and means

committee and the state comptroller, within ninety days after the end of

its fiscal year, a complete and detailed report of its operations and

accomplishments, its receipts and disbursements and its assets and

liabilities.