N.Y. Social Services Law § 481-f: William B

§ 481-f. William B. Hoyt Memorial children and family trust fund. 1.

There is hereby established in the joint custody of the comptroller and

the commissioner of taxation and finance a separate and distinct

account, to be known as the William B. Hoyt Memorial children and family

trust fund. Such account shall be classified by the comptroller as an

expendable trust. Such account shall consist of any moneys appropriated

to the department for the purposes of the programs authorized pursuant

to this article and funds from any other source, including but not

limited to, federal funds, donations from private individuals,

corporations or foundations, for the implementation of programs provided

for in this article. All funds received by the comptroller on behalf of

the William B. Hoyt Memorial children and family trust fund shall be

deposited by the comptroller to the credit of the William B. Hoyt

Memorial children and family trust fund. Notwithstanding the provisions

of this subdivision, funds granted to the department pursuant to the

federal child abuse prevention and treatment act shall not be deposited

to the credit of the William B. Hoyt Memorial children and family trust

fund.

2. Donations from private individuals, corporations, or foundations

deposited in the William B. Hoyt Memorial children and family trust

fund may be invested by the comptroller pursuant to the provisions of

section ninety-eight-a of the state finance law. Any income from such

investments shall be deposited to the credit of the William B. Hoyt

Memorial children and family trust fund.