N.Y. Work. Comp. Law § 324

§ 324. Distribution of unexpended assets of the special fund. Within\nfive years after the period of emergency as defined in the state defense\nemergency act shall have expired, the chairman shall determine the\namount of outstanding liabilities of the special fund and shall\nestablish reasonable reserves to pay to claimants cash benefits, medical\ncare and funeral expenses, and to meet the cost of administering unpaid\nclaims and the expenses of liquidating the fund in a sum allocated for\nthat purpose by the director of the budget, and the same shall become a\ncharge against the fund. Any balance in the fund after establishment of\nsuch reserves shall be forthwith paid to the comptroller for the general\nfund.\n