New York Laws
Article 5-A - Certificates of Participation
66-K - Certificates of Participation; Reallocation Requirements.

(a) The chief executive officer of the department or agency to which
the appropriation is provided, shall request allocation of the balance
or portion of the balance by providing a statement to the director of
the budget and the chairs of the senate finance committee and the
assembly ways and means committee certifying to the following (i) the
amount of the requested allocation, (ii) the purpose of the allocation,
and (iii) the necessary nature of the expenditures.
(b) The director of the budget may allocate the monies requested only
after receiving notification of approval for the allocation from the
chairs of the senate finance committee and the assembly ways and means
committee.
4. If the outright purchase cost of the equipment is less than two
million dollars, the balance of the appropriation for the outright
equipment purchase not necessary to pay lease purchase or installment
purchase payments in the then current fiscal year for the equipment may
be reallocated by the director of the budget with notification as soon
as practicable after such reallocation to the chairs of the senate
finance committee and the assembly ways and means committee of the
purpose of the expenditures for which the allocation is made.