N.Y. Public Authorities Law § 3871: Audits

§ 3871. Audits. 1. The accounts of the authority shall be subject to

the audit of the comptroller and the state comptroller. In addition, the

authority shall be subject to an annual financial audit performed by an

independent certified accountant selected by the authority. Such audit

report shall be submitted to the city, the presiding officer, the

comptroller, the governor, the state comptroller, the chair and ranking

minority member of the senate finance committee and the chair and

ranking minority member of the assembly ways and means committee.

2. For each fiscal year during the existence of the authority, and

within one hundred twenty days after the close of the city's fiscal

year, the city shall submit its audited financial statements to the

authority.