N.Y. Educ. Law § 498

§ 498. Powers and duties. 1. Each board shall, within sixty days\nafter the receipt of its charter, formulate a plan to provide for joint\nor cooperative programs, services and arrangements and shall include,\nbut not be limited to, faculty or administrative staff, use of library,\ntelevision, research and laboratory facilities and the granting of\ncredit for courses of study leading to a degree.\n 2. Such plan shall provide for the sharing of expenses incurred by\neach participating member institution on such basis or division as may\nbe jointly agreed upon.\n