N.Y. Executive Law § 326: Reporting

§ 326. Reporting. The institute shall provide a report of an audit to

the governor of the state of New York and each house of the legislature

no later than six months following the close of each fiscal year. The

report shall set forth the scope of the audit and include such

statements, together with the independent auditor's opinion of those

statements, as are necessary to present fairly the institute assets and

liabilities, surplus or deficit, with reasonable detail, during the year

including a schedule of all contracts and grants requiring payments in

excess of five thousand dollars and any payments of compensation,

salaries, or fees at a rate in excess of five thousand dollars per

annum.