N.Y. Correct. Law § 116

§ 116. Inmates' funds. The warden or superintendent of each of the\ninstitutions within the jurisdiction of the department of corrections\nand community supervision shall deposit at least once in each week to\nhis or her credit as such warden, or superintendent, in such bank or\nbanks as may be designated by the comptroller, all the moneys received\nby him or her as such warden, or superintendent, as inmates' funds, and\nsend to the comptroller and also to the commissioner monthly, a\nstatement showing the amount so received and deposited. Such statement\nof deposits shall be certified by the proper officer of the bank\nreceiving such deposit or deposits. The warden, or superintendent, shall\nalso verify by his or her affidavit that the sum so deposited is all the\nmoney received by him or her as inmates' funds during the month. Any\nbank in which such deposits shall be made shall, before receiving any\nsuch deposits, file a bond with the comptroller of the state, subject to\nhis or her approval, for such sum as he or she shall deem necessary.\nUpon a certificate of approval issued by the director of the budget,\npursuant to the provisions of section fifty-three of the state finance\nlaw, the amount of interest, if any, heretofore accrued and hereafter to\naccrue on moneys so deposited, heretofore and hereafter credited to the\nwarden, or superintendent, by the bank from time to time, shall be\navailable for expenditure by the warden, or superintendent, subject to\nthe direction of the commissioner, for welfare work among the inmates in\nhis custody. The withdrawal of moneys so deposited by such warden, or\nsuperintendent, as inmates' funds, including any interest so credited,\nshall be subject to his or her check. Each warden, or superintendent,\nshall each month provide the comptroller and also the commissioner with\na record of all withdrawals from inmates' funds. As used in this\nsection, the term "inmates' funds" means the funds in the possession of\nthe inmate at the time of his or her admission into the institution,\nfunds earned by him or her as provided in section one hundred\neighty-seven of this chapter and any other funds received by him or her\nor on his or her behalf and deposited with such warden or superintendent\nin accordance with the rules and regulations of the commissioner.\nWhenever the total unencumbered value of funds in an inmate's account\nexceeds ten thousand dollars, the superintendent shall give written\nnotice to the office of victim services.\n