NY Ret & SS L § 316 (2021)
2021 New York Laws RSS - Retirement and Social Security Article 8 - New York State and Local Police and Fire Retirement System Title 3 - Establishment, Management, Supervision and Financing 316 - Annual Appropriation by State.

§ 316. Annual appropriation by state. a. Upon the basis of each annual   actuarial  valuation  and  appraisal  provided  for in this article, the   comptroller, on or before the fifteenth day of  October  of  each  year,   shall  prepare  and  file  with  the  director of the budget an itemized   estimate of the amounts necessary to be appropriated by the state to the   pension accumulation fund and the New York state public employees  group   life  insurance  plan,  as  appropriate.  Such  itemized estimate may be   revised on or before December thirtieth of each such year. Such  amounts   shall  be  sufficient  to  provide  for  payment  in  full  for  (i) the   succeeding fiscal year of all estimated obligations of the state to  the   police  and  fire  retirement system; and (ii) any actual obligations of   the state to such retirement system, remaining unpaid, plus interest  on   such  amount,  for  the  fiscal  year  ending  on the March thirty-first   preceding such date; provided, however, that  such  estimate  of  actual   obligations  shall  be  made  commencing with the filings due on October   fifteenth, nineteen hundred eighty-seven and thereafter. If, as a result   of the estimate required to be  made  pursuant  to  clause  (i)  of  the   preceding  sentence,  the  state  overpaid  its actual obligation to the   retirement system in any  year,  the  amount  estimated  in  the  filing   required  by  this  subdivision  next  succeeding such overpayment shall   reflect the amount of such overpayment, plus interest on such amount, as   a reduction in amounts that would otherwise be estimated to be  due  the   retirement  system  from the state. An item of appropriation which shall   be sufficient to provide for such obligations shall be included  in  the   next  annual  appropriation bill when it is presented to the legislature   for passage. The amounts so appropriated or so much thereof  as  may  be   required  shall  be  paid  from  the  state  treasury  on warrant of the   comptroller into the pension accumulation fund and the  New  York  state   public  employees  group  life  insurance plan, as appropriate, on March   first of each state fiscal year.  For  the  purposes  of  this  section,   interest  shall mean the rate or rates of interest used in the actuarial   valuations covering the period of  time  over  which  such  interest  is   computed.b.  On  or  before  the  fifteenth  day  of  October  of each year the   comptroller shall file with the  director  of  the  budget  an  itemized   estimate  of  the  expenses of the police and fire retirement system for   the ensuing year. The director of the budget may revise and  amend  such   estimate. After such revision and amendment, if any, such director shall   approve  the same for inclusion in the executive budget. No monies shall   be paid out of the pension accumulation fund for  such  expenses  unless   expenditures therefor shall have been authorized by law.c.  Whenever  the  compensation  of  any member of the police and fire   retirement system is paid from a special or administrative fund provided   for by law, all contributions to the police and fire  retirement  system   including  a  proportionate share of the administrative expense thereof,   which otherwise would be chargeable to the general fund  of  the  state,   shall,  with  the  approval  of the director of the budget, be paid from   such special or administrative fund.