2023 New York Laws › STF - State Finance › Article 6 - Funds of the State › 92-T - New York State Campaign Finance Fund.

§  92-t.  New  York  state  campaign  finance fund. 1. There is hereby
  established in the joint  custody  of  the  state  comptroller  and  the
  commissioner  of taxation and finance a fund to be known as the New York
  state campaign finance fund.
2. Such fund shall consist of all revenues received from the New  York
  state  campaign  finance  fund check-off pursuant to section six hundred
  thirty-h of the tax law, from the abandoned property  fund  pursuant  to
  section ninety-five of this article, from the general fund, and from all
  other  moneys  credited  or  transferred  thereto from any other fund or
  source pursuant to law. Such fund shall also receive contributions  from
  private  individuals,  organizations,  or  other  persons to fulfill the
  purposes of the public financing system.
3. Moneys of the fund, following appropriation by the legislature, may
  be expended for the purposes of making payments to  candidates  pursuant
  to   title  two  of  article  fourteen  of  the  election  law  and  for
  administrative  expenses  related  to  the  implementation  of   article
  fourteen  of  the  election law. Moneys shall be paid out of the fund by
  the state comptroller on vouchers certified or  approved  by  the  state
  board of elections, or its duly designated representative, in the manner
  prescribed by law, not more than five working days after such voucher is
  received by the state comptroller.
4.  Notwithstanding  any  provision of law to the contrary, if, in any
  state fiscal year, the state campaign finance fund lacks the  amount  of
  money  to  pay all claims vouchered by eligible candidates and certified
  or approved by the state board of elections, any such  deficiency  shall
  be  paid  by  the state comptroller, from funds deposited in the general
  fund of the state not more than four working days after such voucher  is
  received by the state comptroller.
5.  Commencing in two thousand twenty-five, if the surplus in the fund
  on April first of the year after a year in which a governor  is  elected
  exceeds  twenty-five percent of the disbursements from the fund over the
  previous four years, the excess shall revert to the general fund of  the
  state.
6.  No public funds shall be paid to any participating candidates in a
  primary  election  any  earlier  than  thirty  days  after   designating
  petitions  or  certificates  of nomination have been filed and not later
  than thirty days after such primary election.
7. No public funds shall be paid to any participating candidates in  a
  general  election  any earlier than the day after the day of the primary
  election held to nominate candidates for such election.
8. No public funds shall be paid to any participating candidates in  a
  special  election  any  earlier  than the day after the last day to file
  certificates of party nomination for such special election.
9. No public funds shall be paid to any  participating  candidate  who
  has  been disqualified or whose designating petitions have been declared
  invalid by the appropriate board of elections or a  court  of  competent
  jurisdiction until and unless such finding is reversed by a higher court
  in  a final judgment. No payment from the fund in the possession of such
  a candidate or such candidate's participating committee on the  date  of
  such disqualification or invalidation may thereafter be expended for any
  purpose except the payment of liabilities incurred before such date. All
  such moneys shall be repaid to the fund.