N.Y. Workers' Compensation Law § 324: Distribution of unexpended assets of the special fund

§ 324. Distribution of unexpended assets of the special fund. Within

five years after the period of emergency as defined in the state defense

emergency act shall have expired, the chairman shall determine the

amount of outstanding liabilities of the special fund and shall

establish reasonable reserves to pay to claimants cash benefits, medical

care and funeral expenses, and to meet the cost of administering unpaid

claims and the expenses of liquidating the fund in a sum allocated for

that purpose by the director of the budget, and the same shall become a

charge against the fund. Any balance in the fund after establishment of

such reserves shall be forthwith paid to the comptroller for the general

fund.