2015 New York Laws
EDN - Education
Title 7 - STATE AND CITY COLLEGES AND INSTITUTIONS-CORNELL UNIVERSITY
Article 125 - (6201 - 6234) CITY UNIVERSITY OF NEW YORK
6211 - College presidents emeriti; appointments, duties, qualifications, salary.

 6211. College     presidents    emeriti;    appointments,    duties,
  qualifications, salary.  The board of trustees shall  be  authorized  to
  appoint,  notwithstanding  the provisions of any local law or charter to
  the contrary, as president emeritus any retired president of an existing
  college unit or a college  unit  hereafter  to  be  created  other  than
  teachers' training schools, whose duty it shall be to consult and advise
  with  educational  officers  as  and when requested by the president, or
  head of such college unit.    No  person  shall  be  eligible  for  such
  appointment  unless  he  shall  have been duly retired from such college
  unit.  He shall receive for the duration of his life such annual  salary
  as  the  board of trustees or like financial authority, shall determine.
  The salary is to be in lieu of the annual pension to which such  retired
  president  would  be  entitled  during  his  lifetime  but  is not to be
  construed as depriving him at the time of his retirement of the right to
  choose an option or as depriving his estate or beneficiary of any  death
  benefit accruing to such estate or beneficiary under the law.