N.Y. State Finance Law § 92-x: Tobacco settlement fund

§ 92-x. Tobacco settlement fund. 1. There is hereby established in the

sole custody of the comptroller a special fund, to be known as the

"tobacco settlement fund".

2. Such fund shall consist of moneys received by the state, as a

result of the settlement of litigation in the case of State of New York

and Dennis C. Vacco v. Philip Morris, Incorporated, et al. (Supreme

Court, New York County, Index No. 400361/97), pursuant to the escrow

arrangement provided in the master settlement agreement entered into by,

inter alia, the Attorney General of the State of New York and the

Tobacco Industry, on November 23, 1998. All monies shall remain in such

fund unless otherwise directed by statute.