N.Y. Transportation Law § 426: Maintenance of records

§ 426. Maintenance of records. In connection with each contract, the

commissioner and the municipality shall keep adequate records of the

amount of the payment by the state, the amount of federal assistance, if

any, received by the municipality for the project, and of all moneys

expended by the municipality for such project. Such records shall be

kept by the commissioner and shall establish the basis for

recalculations of the state payment as required herein. The commissioner

shall have authority to carry out, or to cause to be carried out, audits

of such contracts and records pursuant to rules and regulations

promulgated by the commissioner.