NY State Fin L § 72 (2021)
2021 New York Laws STF - State Finance Article 6 - Funds of the State 72 - General Fund.

§  72.  General  fund.  1. Notwithstanding any provision of law to the contrary, the general fund of this state shall be defined and maintained in accordance with the provisions of this section and shall account  for all  financial  resources  of  the  state  except  those  required to be accounted for in other funds as defined in this chapter.   2. (a) There shall be within the general fund a separate account which shall be designated and known as the local assistance account and  shall reflect all expenditures made for local assistance.  (b)  There  shall  be within the general fund a separate account which shall be designated and known as the state purposes  account  and  shall reflect all expenditures made for state purposes.   3.  Notwithstanding  any inconsistent provision of subdivision five of section four of this  chapter,  any  moneys  in  the  general  fund  not required  for cash disbursements pursuant to general fund appropriations may, in amounts determined and certified by the director of the  budget, be transferred to the capital projects fund or any debt service fund for the purpose of making payments from such fund pursuant to appropriations by  law,  provided that, any balance of moneys so transferred, remaining in such fund at the close of each month shall be returned to the general fund. No such transfer shall be made until a certificate of approval  of availability  for  so  much  as shall be necessary to make disbursements pursuant to appropriations by law from such  capital  projects  or  debt service  fund for the balance of the month shall have been issued by the budget director and a copy of such certificate of  approval  filed  with the  state comptroller, the chairman of the senate finance committee and the chairman of the assembly ways and means committee.   4. (a) Any balance of moneys in any debt service  fund  in  excess  of both  the  debt principal and interest payments required to be made from such fund during the current fiscal year, or during future fiscal years, and any reserve requirement established by statute or by a relevant bond covenant, shall be transferred to the general fund.   * (b) On or before the beginning of each quarter, the director of  the budget  may  certify  to  the  state comptroller the estimated amount of monies that shall be reserved in the general debt service fund  for  the payment of debt service and related expenses payable by such fund during each  month  of  the  state fiscal year, excluding payments due from the revenue bond tax fund. Such certificate may be periodically updated,  as necessary.  Notwithstanding  any  provision  of law to the contrary, the state comptroller shall reserve in the general  debt  service  fund  the amount  of  monies  identified  on such certificate as necessary for the payment of debt service and related expenses during the current or  next succeeding  quarter of the state fiscal year. Such monies reserved shall not be available for  any  other  purpose.  Such  certificate  shall  be reported  to  the  chairpersons  of the Senate Finance Committee and the Assembly Ways and Means Committee.  The  provisions  of  this  paragraph shall expire June thirtieth, two thousand twenty-three.   * NB Expires June 30, 2023