N.Y. State Finance Law § 92-t: New York state campaign finance fund

§ 92-t. New York state campaign finance fund. 1. There is hereby

established in the joint custody of the state comptroller and the

commissioner of taxation and finance a fund to be known as the New York

state campaign finance fund.

2. Such fund shall consist of all revenues received from the New York

state campaign finance fund check-off pursuant to section six hundred

thirty-h of the tax law, from the abandoned property fund pursuant to

section ninety-five of this article, from the general fund, and from all

other moneys credited or transferred thereto from any other fund or

source pursuant to law. Such fund shall also receive contributions from

private individuals, organizations, or other persons to fulfill the

purposes of the public financing system.

3. Moneys of the fund, following appropriation by the legislature, may

be expended for the purposes of making payments to candidates pursuant

to title two of article fourteen of the election law and for

administrative expenses related to the implementation of article

fourteen of the election law. Moneys shall be paid out of the fund by

the state comptroller on vouchers certified or approved by the state

board of elections, or its duly designated representative, in the manner

prescribed by law, not more than five working days after such voucher is

received by the state comptroller.

4. Notwithstanding any provision of law to the contrary, if, in any

state fiscal year, the state campaign finance fund lacks the amount of

money to pay all claims vouchered by eligible candidates and certified

or approved by the state board of elections, any such deficiency shall

be paid by the state comptroller, from funds deposited in the general

fund of the state not more than four working days after such voucher is

received by the state comptroller.

5. Commencing in two thousand twenty-five, if the surplus in the fund

on April first of the year after a year in which a governor is elected

exceeds twenty-five percent of the disbursements from the fund over the

previous four years, the excess shall revert to the general fund of the

state.

6. Public funds paid to participating candidates shall be paid in

accordance with the timelines established by section 14-205 of the

election law.

7. No public funds shall be paid to any participating candidates in a

general election any earlier than the day after the day of the primary

election held to nominate candidates for such election.

8. No public funds shall be paid to any participating candidates in a

special election any earlier than the day after the last day to file

certificates of party nomination for such special election.

9. No public funds shall be paid to any participating candidate who

has been disqualified or whose designating petitions have been declared

invalid by the appropriate board of elections or a court of competent

jurisdiction until and unless such finding is reversed by a higher court

in a final judgment. No payment from the fund in the possession of such

a candidate or such candidate's participating committee on the date of

such disqualification or invalidation may thereafter be expended for any

purpose except the payment of liabilities incurred before such date. All

such moneys shall be repaid to the fund.