N.Y. Tax Law § 1186: Deposit and disposition of revenue

§ 1186. Deposit and disposition of revenue. The taxes, interest, and

penalties imposed by this article and collected or received by the

commissioner shall be deposited daily with such responsible banks,

banking houses or trust companies, as may be designated by the

comptroller, to the credit of the comptroller in trust for the tobacco

control and insurance initiatives pool established by section

ninety-two-dd of the state finance law and distributed by the

commissioner of health in accordance with section twenty-eight hundred

seven-v of the public health law. Such deposits will be kept separate

and apart from all other money in the possession of the comptroller. The

comptroller shall require adequate security from all such depositories.

Of the total revenue collected or received under this article, the

comptroller shall retain such amount as the commissioner may determine

to be necessary for refunds under this article. Provided, however that

the commissioner is authorized and directed to deduct from the amounts

he or she receives from the registration fees under section eleven

hundred eighty-three of this article, before deposit into the tobacco

control and insurance initiatives pool, a reasonable amount necessary to

effectuate refunds of appropriations of the department to reimburse the

department for the costs incurred to administer, collect and distribute

the taxes imposed by this article.