2006 New York Code - Declaration Of Policy.

 
    § 60. Declaration of policy. It is hereby declared to be the policy of
  the  state that employee welfare funds are of great benefit to employees
  and their families and that their growth should be encouraged; that  the
  establishment and management of such funds vitally affect the well-being
  of  millions  of  people  and  are in the public interest; and that such
  funds should be supervised by the  state  to  the  extent  necessary  to
  protect  the  rights  of  employees and their families, without imposing
  burdens upon such funds which might discourage their orderly growth  and
  without duplicating the supervisory responsibilities presently vested in
  any state agencies.