2016 New York Laws
STF - State Finance
Article 6 - (State Finance) FUNDS OF THE STATE
95 - Abandoned property fund.

 95. Abandoned property fund. 1. The state comptroller shall maintain
  a  special  fund  to  be known as the abandoned property fund. Such fund
  shall consist of all moneys paid to him pursuant to  the  provisions  of
  the  abandoned  property law and all moneys which by law are required to
  be paid into  such  fund.  All  personal  property,  other  than  money,
  delivered to him pursuant to the abandoned property law, or which by law
  shall  be  delivered  to  him  for  the  benefit  of such fund, shall be
  retained by him until sold pursuant to the provisions of  the  abandoned
  property law in trust for the benefit of such fund.
2.  Annually,  the  comptroller  shall  file  with the director of the
  budget an itemized estimate of the expenses for  the  administration  of
  the  abandoned  property  fund for the ensuing year. The director of the
  budget may revise and amend  such  estimate.  After  such  revision  and
  amendment, if any, such director shall approve the same for inclusion in
  the  executive  budget.  No  moneys  shall  be paid out of the abandoned
  property fund for expenses unless expenditures therefor shall have  been
  authorized  by  law;  provided,  however,  that  the  expenses  for  the
  administration of the provisions of the abandoned property law  paid  by
  the  state comptroller pursuant to an appropriation, shall be reimbursed
  by a transfer of funds no more frequently than monthly, from any balance
  remaining in the abandoned property  fund  prior  to  any  payment  made
  pursuant to the provisions of subdivision three of this section.
3.  Whenever the amount of moneys in the abandoned property fund as of
  the last day of any month shall exceed the greater of  the  sum  of  six
  million  dollars or an amount which in the comptroller's sole discretion
  is necessary to satisfy claims against such fund during the  immediately
  succeeding  month,  the comptroller shall draw a warrant or voucher upon
  such special fund for the amount in excess of such  sum  and  shall  pay
  such  amount  into the state treasury to the credit of the general fund.
  Notwithstanding the foregoing, the comptroller and the director  of  the
  budget  or their respective designees shall review the balance remaining
  in the abandoned property fund as of the  last  day  of  the  months  of
  March, June, September and December in each year, as soon as practicable
  after  each  such date, and may mutually agree upon an amount to be paid
  from such fund into the state treasury to  the  credit  of  the  general
  fund, which may cause the balance in such fund to fall below six million
  dollars;  provided,  however,  in no event shall the amount of moneys in
  the abandoned property fund exceed seven hundred fifty thousand  dollars
  at the end of the last day of the fiscal year.
4. All moneys in the abandoned property fund shall be deposited by the
  state comptroller in one or more state banks, trust companies or savings
  banks.  Any  interest  received by the comptroller upon any such deposit
  and any interest or other moneys received  by  him  on  account  of  any
  personal  property  other than money, retained by him for the benefit of
  such fund, shall be the property of the state and shall be  credited  to
  such fund.