New York · statute · N.Y. State Finance Law · 607 active provisions
STATE FINANCE LAW Laws 1940, Chap. 593 AN ACT in relation to state finance, constituting chapter fifty-six of the consolidated laws Became a law April 18, 1940, with the approval of the Governor. Passed, three-fifths being present The People of the State of New York, represented in Senate and Assembly, do enact as foll…
ARTICLE I SHORT TITLE Section 1. Short title.
§ 1. Short title. This chapter shall be known as the "State Finance Law."
ARTICLE II GENERAL FISCAL PROVISIONS Section 2. Definitions. 2-a. Additional definitions. 3. Fiscal year. 4. Payments, transfers and deposits. 4-a. Electronic value transfer program. 5. Deferred compensation. 7. Duties of department of taxation and finance. 8. Duties of the comptroller. 8-a. Deviations from generally a…
§ 2. Definitions. As used in this chapter, such terms shall have the following meanings: 1. "Account". A classification by which information on particular financial transactions and financial resources is recorded and arranged. 1-a. "Business day". Any day of the year which is not a Saturday, Sunday or legal holiday in…
§ 2-a. Additional definitions. As used in subdivisions two-b and two-c of section eight of this chapter, the following terms shall have the following meanings: 1. "Internal control". A process that integrates the activities, plans, attitudes, policies, systems, resources and efforts of the people of an organization wor…
§ 3. Fiscal year. 1. The current fiscal year of the state which commenced with the first day of July, nineteen hundred forty-two, is hereby abridged and shall end with the thirty-first day of March, nineteen hundred forty-three. For all purposes of determining annual increments of state employees pursuant to the educat…
§ 4. Payments, transfers and deposits. 1. Notwithstanding the provisions of any other section of law to the contrary, no money shall be paid from any fund under the management of the state, or any agency or officer thereof except in pursuance of an appropriation by law. 2. If, at any time, the legislature shall fail to…
§ 4-a. Electronic value transfer program. 1. Definitions. As used in this section the following terms shall have the following meanings: a. "Electronic value transfer device" means a credit card, debit card, charge card, electronic fund transfer or other electronic value transfer mechanism approved by the electronic va…
§ 5. Deferred compensation. 1. The deferred compensation board is hereby established, to consist of one member appointed by the governor, one member appointed by the temporary president of the senate and one member appointed by the speaker of the assembly. The board shall adopt rules and regulations regarding the stand…
§ 7. Duties of department of taxation and finance. The commissioner of taxation and finance shall receive all moneys paid into the treasury of the state, pay all warrants drawn by the comptroller on the treasury in a timely manner, make no payment out of the treasury except on the warrant of the comptroller, and annual…
§ 8. Duties of the comptroller. The comptroller shall: 1. Superintend the fiscal concerns of the state. 2. Keep, audit and state all accounts in which the state is interested, and keep accurate and proper books, showing their conditions at all times. 2-a. Operate and maintain and at his discretion revise and modify a s…
§ 8-a. Deviations from generally accepted accounting principles. In carrying out the accounting and financial reporting responsibilities assigned to him by subdivisions two, two-a, nine and nine-a of section eight of this chapter, the comptroller is authorized to interpret and, if he deems it necessary, deviate from ge…
§ 8-b. Additional duties of the comptroller. 1. The comptroller is hereby authorized and directed to assess fringe benefit and central service agency indirect costs on all non-general funds, and on the general fund upon request and at the sole discretion of the director of the budget, and to charge such assessments to…
§ 8-c. Enterprise fraud prevention and detection system. 1. In furtherance of the comptroller's constitutional and statutory functions, duties and responsibilities, the comptroller may, within his or her discretion, establish, implement and update as necessary an electronic data analytical enterprise fraud prevention a…
§ 9. Subpoenas; oaths. The comptroller, deputy comptrollers and assistant deputy comptroller, or either of them, may issue a subpoena or subpoenas requiring a person or persons to attend before the comptroller, a deputy comptroller or assistant deputy comptroller and be examined in reference to any matter within the sc…
§ 10. Compromise of old judgments and debts. The attorney-general and comptroller, or either of them, may acknowledge satisfaction of a judgment in favor of the people of the state when the same is settled or discharged. The comptroller, with the approval of the attorney-general, may compromise, settle, release and dis…
§ 11. Gifts, devises and bequests. Whenever any gift or bequest of money is lawfully made to the state, or to any department, board, bureau or officer thereof, the amount of such gift or bequest shall be paid to the department of taxation and finance to be held by such department in trust for the uses and purposes spec…
§ 12. Annual reports to legislature by institutions entitled to receive money from state. All institutions and societies entitled by law to receive money from the state shall make an annual report to the legislature on or before the fifteenth day of January in each year, and no such money shall be paid in any such case…
§ 13. Boards of visitors. A member of the board of visitors, a manager, trustee or officer of any state charitable or other institution receiving moneys from the state treasury for maintenance and support shall be entitled to actual and necessary traveling expenses when attending meetings of the board at the office of…
§ 14. Departmental statements. In addition to the annual department reports prescribed by law, the head of each department of the state, on or before the fifteenth day of October in each year, shall submit to the governor a statement of the sources, amounts and disposition of all money received by such department, its…
§ 14-a. Tax audit reporting system. 1. The department of taxation and finance shall establish and maintain a comprehensive tax audit reporting system which shall provide the governor and the legislature with a systematic method to evaluate the progress made by the department in achieving revenue targets. In order to en…
§ 14-b. Capital projects and maintenance statements. The head of each state agency shall furnish the governor, at the time and in the form he requires but in no event later than December first of each year, a statement for which plans prepared to meet other existing statutory requirements may be accepted as a partial o…
§ 15. Fees to be charged for certain documents. 1. Except as herein otherwise provided, no blank, report, pamphlet or other document printed pursuant to law by or under the supervision and direction of a state department, or a division, officer, board, bureau, commission or other state agency, included within such depa…
§ 16. Rate of interest on judgments and accrued claims against the state. The rate of interest to be paid by the state upon any judgment or accrued claim against the state shall not exceed nine per centum per annum.