2015 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 5-A - (Racing, Pari-Mutuel Wagering and Breeding Law) OFF-TRACK PARI-MUTUEL BETTING
529 - Unclaimed winnings and refunds.

  529.  Unclaimed  winnings and refunds. The board shall require each
  regional corporation to establish a non-escrowed account for payment  of
  outstanding winning tickets and for payment of refunds to ticket holders
  entitled thereto under the rules of the board.
1.  All  tickets  must  be  presented  for  payment  to  the  regional
  corporation from which purchased  prior  to  April  first  of  the  year
  following the year of purchase.
2.  Ninety-five  percent  of  the  balance  of  such account remaining
  unclaimed as of the last day of February of such year shall be  paid  to
  the state tax commission by March fifteenth. On or before April tenth of
  each  year  the  balance of such account and any other unclaimed amounts
  received in the course of conducting off-track betting shall be paid  by
  such  corporation to the state tax commission. A penalty of five percent
  and interest at the rate of one percent per month from the due  date  to
  the  date  of  payment  of  the unclaimed balance due March fifteenth or
  April tenth, as the case may be, shall be payable in case  such  balance
  is  not  paid  when  due.  Such  amounts,  interest  and  penalties when
  collected by the state  tax  commission  shall  be  deposited  into  the
  general fund of the state treasury.