N.Y. Workers' Compensation Law § 27-b: Amortization of gains or losses

§ 27-b. Amortization of gains or losses. Gains or losses realized by

the aggregate trust fund as a result of transactions made pursuant to

subdivision two of section twenty-seven-a, or section twenty-seven-c of

this chapter, shall be transferred to a special asset account to be

known as the deferred charge on account of security transactions and

shall be amortized within such account on a basis which matches as

nearly as possible all gains or losses so realized against any increase

or decrease in income resulting from the reinvestment of the proceeds of

such transactions, provided that the period of amortization of the gain

or loss resulting from the disposition of each investment shall not be

longer than the unexpired period from the date of such disposition to

the maturity of the investment so disposed of, or on such other basis as

the superintendent of financial services may authorize in his

discretion.