2015 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 5 - (Racing, Pari-Mutuel Wagering and Breeding Law) REGIONAL OFF-TRACK BETTING CORPORATIONS
517 - Annual reports.

  517. Annual reports. In addition to the reports required by article
  five-a of this chapter, within one hundred twenty days after the end  of
  the  fiscal  year of the corporation, the directors thereof shall submit
  to  the  participating  counties,  the  state  board,  and   the   state
  comptroller a complete and detailed audited report setting forth:
1. Its operations and accomplishments during such fiscal year;
2. Its receipts and expenditures during such fiscal year in accordance
  with  categories  or  classifications established by the corporation for
  its own operating and capital outlay purposes;
3. Its assets and liabilities at the end of such fiscal year including
  a schedule of its bonds, notes or other obligations and  the  status  of
  reserves, depreciations, special, sinking or other funds;
4.  Details of branch offices being planned or in the process of being
  constructed or otherwise established and branch offices that  have  been
  constructed or established;
5.   Such   other  information  relating  to  the  operations  of  the
  corporation  as  shall  be  deemed  pertinent  by  the  directors,   the
  participating counties, the state board, and the state comptroller.