N.Y. Workers' Compensation Law § 320: Commissioner of taxation and finance custodian of fund

§ 320. Commissioner of taxation and finance custodian of fund. The

commissioner of taxation and finance shall be the custodian of the

special fund for workmen's compensation for civil defense volunteers and

all disbursements for compensation therefrom shall be paid by him upon

drafts signed by the chairman or those authorized by the chairman for

that purpose. The commissioner of taxation and finance shall give a

separate and additional bond in an amount to be fixed by and with

sureties approved by the state comptroller conditioned for the faithful

performance of his duty as custodian of the fund. The commissioner of

taxation and finance may deposit any portion of the fund not needed for

immediate use, in the manner and subject to all the provisions of law

respecting the deposit of state funds by him. Interest earned by such

portion of the fund deposited by the commissioner of taxation and

finance shall be collected by him and placed to the credit of the fund.