N.Y. Insurance Law § 7611: Expense of administering funds

§ 7611. Expense of administering funds. (a) The expense of

administering each fund shall be paid out of such fund. Prior to the

first days of January, April, July and October, there shall be submitted

to the director of the budget for approval an estimated budget of

expenditures for the succeeding three months.

(b) There may not be expended for the purpose of administering the

funds more than the amounts as authorized by the director of the budget.

The superintendent shall serve as administrator of the funds without

additional compensation, but may be allowed and paid from the funds the

expenses incurred in performing his duties in connection with the funds.

The compensation of persons employed by the superintendent, within the

amounts approved by the director of the budget, shall be deemed

administration expense payable from the funds.