N.Y.C. Admin. Code § 13-609: § 13-609 Reports and audits.

a. On or before the first day of February of each year, such treasurer and trustee shall make a verified report to the mayor containing a statement of the account of such fund under his or her control and of all receipts, investments and disbursements, on account of such fund, together with the name and residence of each beneficiary.

b. There shall be an auditing committee, consisting of three members, to be appointed by the mayor. Such committee, annually on or before March first, shall examine the condition of such fund, audit the accounts of such treasurer and trustee and make report thereon to the mayor within thirty days thereafter.