NY State Fin L § 71 (2021)
2021 New York Laws STF - State Finance Article 6 - Funds of the State 71 - Abolition, Maintenance and Establishment of Funds.

§   71.   Abolition,   maintenance  and  establishment  of  funds.  1.   Notwithstanding  any  provision  of  law  to  the  contrary,  each  fund   established  prior  to  the effective date of this section other than by   law and in existence at the time of the effective date of this  section,   shall  be  either abolished or continued in existence by the comptroller   with the concurrence of the director of the budget. The balance  in  any   fund  so  abolished  shall  be  paid  into  the  appropriate  fund.  The   comptroller, after consultation with the director of the budget and  the   heads of agencies and public benefit corporations significantly involved   in  the operations of such funds, but in no event later than one hundred   twenty days following the effective date of this section,  shall  submit   to  the  legislature  and  the  governor  a report specifying the action   which, with the concurrence of the director of the budget, he has  taken   or  intends  to take in regard to every such fund and the fund type into   which he intends to classify each fund  so  continued.  The  comptroller   with  the  concurrence  of  the  director  of  the  budget,  at any time   following  the  submission  of  this  report,  may  abolish   any   fund   established  other  than by law provided that at the time of such action   he shall submit a notice of such action and the reasons therefor to  the   legislature and the governor.2. The comptroller, after consultation with the director of the budget   and  the heads of agencies and public benefit corporations significantly   involved in the operations of funds established by law but in  no  event   later  than one hundred twenty days following the effective date of this   section, shall submit to the  legislature  and  the  governor  a  report   specifying  every  such  fund  and  setting  forth  for each such fund a   recommendation of the comptroller as to the  desirability  of  repealing   the   statute   establishing   such   fund,   continuing  the  statutory   authorization for such fund, or modifying the statute establishing  such   fund in one or more particular respects. Such report shall also indicate   the  fund  type into which the comptroller intends to classify each fund   established by law in the event that the legislative action  recommended   in  such  report as to that fund is enacted and the fund type into which   he intends to classify each fund if no legislative action  is  taken  in   regard to that fund.3.  The comptroller with the concurrence of the director of the budget   may establish such additional funds as are necessary to properly  manage   and  account  for  the  financial activities and resources of the state,   provided that in establishing funds and in continuing  funds,  only  the   minimum  number of funds necessary to comply with legal requirements and   generally  accepted  accounting  principles  shall  be  established  and   continued   and  provided  that  at  the  time  an  additional  fund  is   established he shall submit to the legislature and the governor a notice   of such action and a statement setting forth the initial  date  of  such   action,  the  sources  and uses of the financial resources of such fund,   the fund type into which he  intends  to  classify  such  fund,  and  an   explanation of the necessity for its establishment.