NY Ret & SS L § 317 (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 317 - Annual Appropriation by Participating Employers.

§  317.  Annual  appropriation  by  participating  employers. a. On or   before the fifteenth day of November, nineteen hundred  eighty-nine  and   of  each  succeeding  year,  the  comptroller shall determine the amount   which each participating employer is required to pay to the  police  and   fire  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 of 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 three  hundred  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  three  hundred   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.