N.Y. Ins. Law § 1304

§ 1304. Valuation reserves. Every insurer authorized under this\nchapter to transact the kinds of insurance specified in paragraph one,\ntwo or three of subsection (a) of section one thousand one hundred\nthirteen of this chapter shall, subject to specific provisions of this\nchapter, maintain:\n (a) reserves on all of its life insurance policies or certificates and\nannuity contracts in force, computed according to the applicable tables\nof mortality and rates of interest prescribed in this chapter;\n (b) reserves for disability benefits, including reserves for disabled\nlives whether reported or unreported, and for accidental death benefits;\nand\n (c) any additional reserves prescribed by the superintendent as\nnecessary on account of such insurer's policies, certificates and\ncontracts.\n