N.Y. Retirement & Social Security Law § 425: Separability of retirement systems

§ 425. Separability of retirement systems. No provision of this

article shall be construed as an impairment of the separability of or of

the corporate powers and privileges of the employees' retirement system

or the police and fire retirement system. The comptroller shall

establish or continue separate funds and accounts for each retirement

system, consistent with the common retirement fund herein provided for,

as may be required to carry out the separate purposes and privileges of

each retirement system.