N.Y. Work. Comp. Law § 69

§ 69. Reserve. 1. The board of supervisors in connection with a plan\nmay by local law establish a self-insurance reserve. Such local law\nshall prescribe the maximum amount which may be contributed to any such\nreserve.\n 2. The committee or administrator may at any time in its or his\ndiscretion expend moneys in such reserve to pay any liability of the\nplan.\n 3. The committee or administrator may direct the county treasurer to\ninvest moneys in any such reserve in the manner prescribed by section\neleven of the general municipal law.\n 4. In the event of abandonment of a plan, all moneys remaining in such\nreserve in excess of an amount sufficient to satisfy all accrued and\ncontingent liabilities, shall be refunded to the participants in such\nmanner as may be provided by local law adopted by the board of\nsupervisors.\n