ยง 3702. Control  and  supervision  of  trusts for public schools.  The
  legislature may control and regulate the execution of all  such  trusts;
  and  the  commissioner  of  education  shall  supervise  and  advise the
  trustees, and hold them to a regular accounting for the  trust  property
  and  its income and interest at such times, in such forms, and with such
  authentications, as he shall, from time to time, prescribe.
Structure New York Laws
Title 5 - Taxation and Financial Administration
Article 75 - Trusts for Schools; Gospel and School Lots
3701 - Property to Be Held in Trust for Public Schools.
3702 - Control and Supervision of Trusts for Public Schools.
3703 - Report of Trusts to Commissioner of Education.
3704 - Report of Supervisor Regarding Gospel or School Lots.
3705 - Apportionment of Gospel Funds.
3706 - Authorization of Apportionment of Gospel Funds.
3707 - Payment of Apportionment of Gospel Funds.
3708 - Bond Required of Collector or Treasurer.
3709 - Penalties of Certain Bonds.
3711 - Sale of Gospel or School Lots on Division of Town.
3712 - State Agency for Surplus Property.
3712-A - Transfer of Gospel Funds to General Fund of Town.
3713 - Acceptance of Funds Appropriated by Federal Government.