2015 New York Laws
PVH - Private Housing Finance
Article 11 - (Private Housing Finance) HOUSING DEVELOPMENT FUND COMPANIES
580 - Examination by comptroller.

  580. Examination by comptroller. 1. The comptroller, or his legally
  authorized representative, is hereby authorized and empowered from  time
  to  time  to  examine the books and accounts of the division relating to
  the housing development fund, and from time to time, not less than  once
  every  five  years,  to  examine  the books and accounts of each housing
  development fund company which received or is to receive aid  from  such
  fund  pursuant  to  this article, including its receipts, disbursements,
  contracts, leases, loans, and any other moneys relating to its financial
  operation, and from time to time, to examine the books and  accounts  of
  any  local loan administrator which has received advances from such fund
  pursuant to this article, but only insofar as those books  and  accounts
  relate to such advances and to the local loan administrator's compliance
  with  the  master  servicing  agreement entered into pursuant to section
  five hundred seventy-six-d of this article.
2. The comptroller of a municipality or, in the case of a municipality
  having no comptroller, the chief fiscal officer of such municipality, is
  hereby authorized and empowered from time to time to examine  the  books
  and accounts relating to the municipal housing development fund, and the
  supervising agency is hereby authorized and empowered from time to time,
  not  less  than once every five years, to examine the books and accounts
  of each housing development fund company which received or is to receive
  aid from such fund, including its  receipts,  disbursements,  contracts,
  leases, loans, and any other moneys relating to its financial operation.