2006 New York Code - Deviations From Generally Accepted Accounting Principles.

 
    §  8-a.  Deviations from generally accepted accounting principles.  In
  carrying out the accounting  and  financial  reporting  responsibilities
  assigned  to  him by subdivisions two, two-a, nine and nine-a of section
  eight of this chapter, the comptroller is authorized to  interpret  and,
  if  he  deems  it  necessary, deviate from generally accepted accounting
  principles, provided  that  any  deviations  shall  be  subject  to  the
  following requirements:
    1.  If authoritative national governmental accounting standard-setting
  bodies differ with each other  as  to  the  specification  of  generally
  accepted  accounting  principles,  the  comptroller in the annual report
  required by subdivision nine of section eight  of  this  chapter,  shall
  designate  the body whose principles he has chosen to follow and explain
  the reasons for his choice.
    2.  If,  because  of  a  change  in  generally   accepted   accounting
  principles,  the  comptroller  determines  that  it  is  not possible to
  conform  fully  with  generally  accepted  accounting  principles,   the
  comptroller shall in such annual report specify the principles that will
  be  followed and outline a program for future conformance with generally
  accepted accounting principles.
    3. If, in the opinion of the comptroller, adherence  to  a  particular
  aspect  of  generally  accepted  accounting principles would result in a
  less complete  or  less  fair  presentation  of  the  state's  financial
  position  and  results  of  operations than an alternative principle, he
  shall specify in such annual  report  the  alternative  principle  being
  followed.
    4.  If,  in  the opinion of the comptroller, adherence to a particular
  aspect of  generally  accepted  accounting  principles  is  impractical,
  prohibitively  costly,  or  undesirable  on  the  basis  of cost-benefit
  considerations, the comptroller shall specify the alternative  principle
  being followed, and the reasons including cost information, if relevant,
  for his determination in this regard.