N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 235: Rules for the conduct of pari-mutuel betting

§ 235. Rules for the conduct of pari-mutuel betting. 1. The commission

shall make rules regulating the conduct of pari-mutuel betting, as

authorized pursuant to this chapter.

2. The rules shall provide that all winning pari-mutuel tickets must

be presented for payment before April first of the year following the

year of their purchase and failure to present any such ticket within the

prescribed period of time shall constitute a waiver of the right to

participate in the award or dividend.

3. The department of taxation and finance is hereby charged with the

financial administration of pari-mutuel betting as herein described and

as supplemented by the rules and regulations of the commission. The

department of taxation and finance shall have authority to prescribe the

forms and the system of accounting to be employed and through its

representatives shall at all times have access to the issuing or vending

machines, the adding machines and all other pari-mutuel betting

equipment.