2016 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 14 - (Racing, Pari-Mutuel Wagering and Breeding Law) INTERACTIVE FANTASY SPORTS
1409 - Disposition of taxes.

  1409.  Disposition  of  taxes. 1. The commission shall pay into the
  state lottery fund all taxes imposed by this article; any  interest  and
  penalties  imposed  by  the  commission  relating  to  those  taxes; all
  penalties levied and collected by the commission;  and  the  appropriate
  funds, cash or prizes forfeited from interactive fantasy sports.
2.  The  commission  shall  require  at  least monthly deposits by the
  interactive fantasy sports operator of any payments pursuant to  section
  fourteen  hundred  seven  of  this  article,  at  such times, under such
  conditions, and in such depositories as shall be prescribed by the state
  comptroller. The deposits shall be deposited to the credit of the  state
  lottery  fund.  The  commission  shall  require  a  monthly  report  and
  reconciliation statement to be filed with it on or before the tenth  day
  of  each month, with respect to gross revenues and deposits received and
  made, respectively, during the preceding month.