N.Y. Retirement & Social Security Law § 167: Supplemental pension fund

§ 167. Supplemental pension fund. 1. There is hereby established a

special fund to be known as the supplemental pension fund. Such fund

shall consist of such moneys as may be appropriated thereto by the

legislature, and all other moneys received for such fund from any other

source pursuant to law.

2. Subject to the provisions of the state finance law, the

supplemental pension fund shall be under the jurisdiction and control of

the comptroller, who shall be the custodian thereof. The fund shall be

held separate and apart from any other funds or moneys of the state and

shall be used exclusively for the purpose of making supplemental pension

payments to state retired employees and state retired teachers. The

comptroller shall have power to invest and keep invested moneys in the

fund in accordance with the provisions of section ninety-eight of the

state finance law. Moneys of the fund shall be paid out only after audit

by and on warrant of the comptroller.