N.Y. Arts and Cultural Affairs Law § 55.13

§ 55.13. Moneys of the corporation. 1. The moneys of the trust shall\nbe retained by it and deposited in a general account and such other\naccounts as the trust may deem necessary for the transaction of its\nbusiness and shall be paid out on checks signed by the chairperson of\nthe corporation or by such other member or officer as the corporation\nmay authorize.\n 2. The comptroller of the state and his legally authorized\nrepresentatives are hereby authorized and empowered from time to time to\nexamine the accounts and books of the trust including its receipts,\ndisbursements, contracts, investments and any other matters relating to\nits financial standing.\n 3. The trust shall submit to the governor, the chairperson of the\nsenate finance committee, the chairperson of the assembly ways and means\ncommittee and the state comptroller, within ninety days after the end of\nits fiscal year, a complete and detailed report of its operations and\naccomplishments, its receipts and disbursements and its assets and\nliabilities.\n