N.Y. Retire. & Soc. Sec. Law § 316

§ 316. Annual appropriation by state. a. Upon the basis of each annual\nactuarial valuation and appraisal provided for in this article, the\ncomptroller, on or before the fifteenth day of October of each year,\nshall prepare and file with the director of the budget an itemized\nestimate of the amounts necessary to be appropriated by the state to the\npension accumulation fund and the New York state public employees group\nlife insurance plan, as appropriate. Such itemized estimate may be\nrevised on or before December thirtieth of each such year. Such amounts\nshall be sufficient to provide for payment in full for (i) the\nsucceeding fiscal year of all estimated obligations of the state to the\npolicemen's and firemen's retirement system; and (ii) any actual\nobligations of the state to such retirement system, remaining unpaid,\nplus interest on such amount, for the fiscal year ending on the March\nthirty-first preceding such date; provided, however, that such estimate\nof actual obligations shall be made commencing with the filings due on\nOctober fifteenth, nineteen hundred eighty-seven and thereafter. If, as\na result of the estimate required to be made pursuant to clause (i) of\nthe preceding sentence, the state overpaid its actual obligation to the\nretirement system in any year, the amount estimated in the filing\nrequired by this subdivision next succeeding such overpayment shall\nreflect the amount of such overpayment, plus interest on such amount, as\na reduction in amounts that would otherwise be estimated to be due the\nretirement system from the state. An item of appropriation which shall\nbe sufficient to provide for such obligations shall be included in the\nnext annual appropriation bill when it is presented to the legislature\nfor passage. The amounts so appropriated or so much thereof as may be\nrequired shall be paid from the state treasury on warrant of the\ncomptroller into the pension accumulation fund and the New York state\npublic employees group life insurance plan, as appropriate, on March\nfirst of each state fiscal year. For the purposes of this section,\ninterest shall mean the rate or rates of interest used in the actuarial\nvaluations covering the period of time over which such interest is\ncomputed.\n b. On or before the fifteenth day of October of each year the\ncomptroller shall file with the director of the budget an itemized\nestimate of the expenses of the policemen's and firemen's retirement\nsystem for the ensuing year. The director of the budget may revise and\namend such estimate. After such revision and amendment, if any, such\ndirector shall approve the same for inclusion in the executive budget.\nNo monies shall be paid out of the pension accumulation fund for such\nexpenses unless expenditures therefor shall have been authorized by law.\n c. Whenever the compensation of any member of the policemen's and\nfiremen's retirement system is paid from a special or administrative\nfund provided for by law, all contributions to the policemen's and\nfiremen's retirement system including a proportionate share of the\nadministrative expense thereof, which otherwise would be chargeable to\nthe general fund of the state, shall, with the approval of the director\nof the budget, be paid from such special or administrative fund.\n