New York Laws
Article 7 - Accounts and Audits
112 - Accounting Systems; Approval of Contracts.

(ii) Before any contract established as a centralized contract through
the office of general services, as provided for in item three of
subparagraph (i) of this paragraph, or any contract made in accordance
with subdivision five, six or paragraph b of subdivision sixteen of
section three hundred fifty-five of the education law, section three
hundred seventy-three of the education law, section sixty-two hundred
eighteen of the education law, or section sixty-two hundred seventy-five
of the education law, shall be executed or become effective, such
contract shall first be approved by the comptroller and filed in his or
her office. Provided, however, that the comptroller shall make a final
written determination with respect to approval of such contract within
seventy-five days of the submission of such contract to his or her
office unless the comptroller shall notify, in writing, the state
agency, department, board, officer, commission, or institution, prior to
the expiration of the seventy-five day period, and for good cause, of
the need for an extension of not more than fifteen days, or a reasonable
period of time agreed to by such state agency, department, board,
officer, commission, or institution and provided, further, that such
written determination or extension shall be made part of the procurement
record pursuant to paragraph f of subdivision one of section one hundred
sixty-three of this chapter.
(b) Whenever any liability of any nature shall be incurred by or for
any state department, board, officer, commission, or institution, notice
that such liability has been incurred shall be immediately given in
writing to the state comptroller.
3. A contract or other instrument wherein the state or any of its
officers, agencies, boards or commissions agrees to give a consideration
other than the payment of money, when the value or reasonably estimated
value of such consideration exceeds twenty-five thousand dollars, shall
not become a valid enforceable contract unless such contract or other
instrument shall first be approved by the comptroller and filed in his
office.
4. The provisions of this section shall be controlling, any other
general, special or local law inconsistent therewith notwithstanding,
unless this section is expressly and specifically referred to in such
other general, special or local law; except that any agreement or
contract negotiated pursuant to article fourteen of the civil service
law, in accordance with article twenty-four of the executive law or
otherwise, shall not be subject to the requirements of this section or
chapter and shall become effective and binding in accordance with the
provisions of said article fourteen.