2015 New York Laws
STF - State Finance
Article 6 - (State Finance) FUNDS OF THE STATE
70 - Classification of funds.

  70. Classification of funds. 1. The comptroller shall establish the
  necessary  fund  types  required  to  comply  with  generally   accepted
  accounting  principles.  When the establishment or elimination of a fund
  type would be required to  implement  a  change  in  generally  accepted
  accounting principles, the comptroller shall designate an effective date
  for  the  establishment or elimination of the fund type to coincide with
  the date of implementation of new accounting principles.
2. The comptroller shall classify each fund, not  classified  by  law,
  into  a  fund  type  for financial reporting purposes, provided that the
  classification of funds established by  the  comptroller  shall  conform
  with  generally  accepted  accounting  principles, except insofar as the
  comptroller may choose to deviate  from  generally  accepted  accounting
  principles  pursuant  to section eight-a of this chapter. In classifying
  each fund, in accordance  with  the  provisions  of  this  section,  the
  comptroller  shall  consult with the director of the budget and the head
  of any agency or public benefit corporation  significantly  involved  in
  the  operations  of such fund. If at any time the comptroller determines
  that it is necessary and appropriate to  reclassify  a  fund  which  has
  previously   been   classified,   he   shall   at   the   time  of  such
  reclassification submit a notice of his action and the reasons  therefor
  to the legislature and the governor.