N.Y. Tax Law § 1611: Delivery of funds; designation of banks

§ 1611. Delivery of funds; designation of banks. a. Except as

otherwise provided in this section, all moneys received by any and all

lottery sales agents from the sales of lottery tickets, including any

lottery tickets, for the support of winter sports physical education in

commemoration of the XIII olympic winter games if any, less the amount,

if any, retained pursuant to paragraph nine of subdivision a of section

sixteen hundred four of this article shall be delivered to the division.

The division shall immediately deposit to its credit all such moneys

received in banks, banking houses or trust companies designated by the

commissioner and the comptroller. The division in its discretion, may

require any or all lottery sales agents to deposit such moneys to the

division's credit in banks, banking houses or trust companies designated

by it, with the approval of the commissioner and the comptroller and to

file with the division reports of their receipts and transactions in the

sale of lottery tickets in such form and containing such information as

the division may require. The withdrawal, pursuant to section sixteen

hundred twelve of this article, of moneys so deposited by the division

or lottery sales agents shall be subject to a check signed by the

director or such officers or employees of the division as the director

may designate.

b. The division may make arrangements for any person, including a

bank, banking house or trust company, to perform such functions,

activities or services in connection with the operation of the lottery

as the division may prescribe and such functions, activities and

services shall constitute lawful functions, activities and services of

such person.