N.Y. Education Law § 1005: Gifts and donations

§ 1005. Gifts and donations. The department is authorized to receive,

accept and use gifts and donations for the purpose of this article which

may be offered, conditionally or unconditionally, notwithstanding

section eleven of the state finance law or any other provision of law.

All money received as gifts or donations shall be paid to the

commissioner of taxation and finance, who together with the state

comptroller is hereby constituted and appointed the joint custodian

thereof and shall constitute a special fund to be used under the

direction of the department for the purpose of this article. A full

report of all such gifts and donations, together with the names of the

donors, the amounts contributed by each and all disbursements therefrom

shall be submitted annually to the legislature as part of the report of

the department.