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                                                                    Exhibit 10.6


                           FINGER LAKES BANCORP, INC.

               EXECUTIVE SUPPLEMENTAL RETIREMENT INCOME AGREEMENT
                              FOR G. THOMAS BOWERS

                             ----------------------

                              AMENDMENT NUMBER ONE

                             -----------------------

         The Executive Supplemental Retirement Income Agreement for G. Thomas
Bowers (the "Agreement") is hereby amended effective May 1, 2001, unless
otherwise stated, in accordance with the following:

         1. Section 1.13 of the Agreement shall be amended by replacing the
words "sixty-second (62nd)" with the words "sixty-fifth (65th)".

         2. Section 1.17 of the Agreement shall be amended in its entirety to
provide as follows:

                           "Supplemental Retirement Income Benefit" means an
                           annual retirement benefit equal to seventy percent
                           (70%) of Executive's highest average annual base
                           salary and bonus (over the consecutive 36-month
                           period within the last 120 consecutive calendar
                           months of employment) REDUCED BY: the sum of (i) the
                           benefits provided to the Executive under the
                           non-qualified deferred compensation plan dated
                           February 28, 1995; (ii) the annuitized value of the
                           Executive's tax-qualified benefits payable from
                           Savings Bank of the Finger Lakes' defined benefit
                           pension plan; (iii) the annuitized value of the
                           Executive's tax-qualified plan benefits payable from
                           the Monroe Savings Bank defined benefit pension plan;
                           and (iv) the annuitized value of one-half of the
                           Executive's Social Security benefits attributable to
                           Social Security taxes paid by Savings Bank of the
                           Finger Lakes on behalf of Executive. For these
                           purposes, the benefit under (ii) and (iii) above
                           shall be deemed to be annuitized at age sixty-five
                           (65) as a single life annuity payable for the
                           Executive's life.

         3. Section 2.1(i) of the Agreement shall be amended in its entirety to
provide as follows:

                  (i)      the annual amount of Eighty-Five Thousand Three
                           Hundred Sixty-Four Dollars ($85,364.00) (the
                           projected value of the Supplemental Retirement Income
                           Benefit when Executive is age sixty-five (65)), or

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         4. Section 3.2 of the Agreement shall be amended in its entirety to
provide as follows:

                           3.2      EARLY RETIREMENT BENEFIT. Executive shall
                                    have the elective right to receive an Early
                                    Retirement Benefit, provided he shall have
                                    attained the age of sixty (60) and remained
                                    in continuous service from the date of the
                                    Agreement. In the event that the Executive
                                    elects an Early Retirement Benefit, payment
                                    of this Early Retirement Benefit shall
                                    commence within thirty (30) days after
                                    Executive's Early Retirement Date. The Early
                                    Retirement Benefit shall be equal to the
                                    Supplemental Retirement Income Benefit
                                    ("SRIB") calculated under Section 1.17 and
                                    reduced in accordance with the applicable
                                    reduction factor set forth below, based on
                                    the number of years that payment of the
                                    Early Retirement Benefit commences prior to
                                    the Executive's Normal Retirement Date.


                                      Number of Years
                                     Payments Commence
                                      Prior to Normal
                                       Retirement Date           Factor
                                     -----------------       -------------
                                             0                   1.0000

                                             1                   .9205

                                             2                   .8496

                                             3                   .7860

                                             4                   .7289

                                             5                   .6774



         5. Section 3.3 of the Agreement shall be amended in its entirety to
provide as follows:

                           3.3      DISABILITY. If Executive becomes Permanently
                                    and Totally Disabled prior to reaching his
                                    Normal Retirement Date, while covered by the
                                    provisions of this Agreement, Executive
                                    shall be entitled to a Supplemental
                                    Disability Benefit commencing within thirty
                                    (30) days after a determination by the Board
                                    of Directors that the Executive is
                                    Permanently and Totally Disabled. The
                                    Supplemental Disability Benefit shall be
                                    equal to the Supplemental

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                                    Retirement Income Benefit ("SRIB")
                                    calculated under Section 1.17 as if the
                                    Executive retired on the date of his
                                    termination of employment due to disability
                                    and reduced by 0.4166% for each calendar
                                    month that benefit payments commence prior
                                    to his Normal Retirement Date.

                                    In the event the Executive dies at any time
                                    after termination of employment due to
                                    disability but prior to commencement or
                                    completion of two hundred forty (240)
                                    monthly payments, the Company shall pay to
                                    the Executive's Beneficiary a continuation
                                    of the monthly installments for the
                                    remainder of the two hundred forty (240)
                                    month period.

         IN WITNESS WHEREOF, this Amendment Number One has been executed by the
duly authorized officers of Finger Lakes Bancorp, Inc. as of the 15th day of
May, 2001.

ATTEST:                                         FINGER LAKES BANCORP, INC.



/s/TERRY L. HAMMOND                             By:   /s/JAMES E. HUNTER
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Secretary                                          Chairman, Salary and
                                                   Personnel Committee