N.Y. Education Law § 3702: Control and supervision of trusts for public schools

§ 3702. Control and supervision of trusts for public schools. The

legislature may control and regulate the execution of all such trusts;

and the commissioner of education shall supervise and advise the

trustees, and hold them to a regular accounting for the trust property

and its income and interest at such times, in such forms, and with such

authentications, as he shall, from time to time, prescribe.