2006 New York Code - Variable Contingency Reserve Fund.

 
    § 13-569 Variable contingency reserve fund. There shall be maintained,
  within the contingency reserve fund, a segregated portion to be known as
  the  variable contingency reserve fund, the purpose of which shall be to
  accumulate such assets as may be necessary to effect the  net  transfers
  from  the  contingency reserve fund to the variable annuity reserve fund
  and the variable pension reserve fund, as required by subdivision  a  of
  section  13-577  of  this  chapter.  The actuary shall prepare an annual
  estimate of the assets necessary to make such  future  adjustments  with
  respect  to all benefits to be provided out of the current assets of the
  variable annuity funds other than the variable contingency reserve fund.
  Such  estimate  shall  be  based  on  the  mortality  experienced  among
  beneficiaries  of  the  annuity  reserve  fund  and pension reserve fund
  number one, as shown by the most recent actuarial investigation pursuant
  to  section  13-514  of  this  chapter.  When,  in  accordance  with   a
  determination  by  the  actuary,  there  is sufficient experience in the
  operation of the variable annuity program, the estimate shall  recognize
  the  mortality experienced among participating beneficiaries. The assets
  of the variable contingency reserve fund shall be maintained at a  level
  as nearly as possible consistent with such estimates.