NY Ret & SS L § 17 (2021)
2021 New York Laws RSS - Retirement and Social Security Article 2 - New York State Employees' Retirement System Title 2 - Establishment, Management, Supervision and Financing 17 - Annual Appropriation by Participating Employers.

§ 17. Annual appropriation by participating employers. a. On or before   the  fifteenth day of November, nineteen hundred eighty-nine and of each   succeeding calendar year, the comptroller  shall  determine  the  amount   which  each  participating employer is required to pay to the retirement   system to discharge its obligations thereto for the fiscal year  of  the   retirement  system  which ends on March thirty-first of nineteen hundred   ninety and of each succeeding calendar year on account of its  employees   who  are  members  of  this  system. The comptroller shall submit to the   fiscal officer of each such  employer  a  statement  of  the  amount  so   payable.This  amount  shall  consist of the amount deemed necessary to provide   for  payment  in  full  of  (i)  all  estimated  obligations   of   each   participating  employer  for  the  current fiscal year of the retirement   systems and (ii)  any  additional  obligation,  plus  interest  on  such   amount,  for  fiscal  years  preceding  the current fiscal year. If as a   result of the amount determined to  be  paid  for  any  fiscal  year,  a   participating  employer overpaid its actual obligation to the retirement   system for that year, the amount to be determined by the comptroller for   the next succeeding November fifteenth shall reflect the amount  of  the   overpayment, plus interest as defined in section sixteen of this article   on  such  amount,  as a reduction in the amount otherwise required to be   paid by such participating employer.b. Each  participating  employer  annually  shall  appropriate  a  sum   sufficient  to pay such amount. In the event the comptroller's statement   is not received before annual appropriations are made by such  employer,   a  sum  estimated  by  the comptroller to be sufficient for such purpose   shall be included with such annual appropriations.c. Payment of the amount  specified  in  the  comptroller's  statement   shall  be  made  by  a  participating employer within seventy-eight days   after the receipt of such statement; provided, however, that in no  case   shall any participating employer be required to make this payment before   February first of the calendar year next succeeding the calendar year in   which  such  statement  is  received.  The  comptroller is authorized to   provide for and accept pre-payment.d. If payment of the full amount of such obligations is  not  made  by   the  date  required by subdivision c of this section, interest at a rate   determined in accordance with the provisions of section sixteen of  this   article  shall commence to run against the unpaid balance thereof on the   first day after the date required by said subdivision c.e. The comptroller shall have full power and authority to  bring  suit   in  the  supreme court against any participating employer to recover any   sum, payment of which is not made as herein required. While any such sum   shall remain due and unpaid he may refuse to audit any claim  for  funds   due to such employer from the state.