New York Laws
Article 6 - Funds of the State
99-AA - Retiree Health Benefit Trust Fund.

(b) "state" shall mean the state of New York;
(c) "fund", or "trust", or "trust fund" shall mean the retiree health
benefit trust fund created by this section; and
(d) "retiree health benefits" shall mean benefits, except pensions or
other benefits funded through a public retirement system, provided or to
be provided by the state as compensation, whether pursuant to statute,
contract or other lawful authority, to its current or former officers or
employees, or their families or beneficiaries, after service to the
state has ended, including, but not limited to, health care benefits.
3. (a) Notwithstanding any provision of law to the contrary, the
retiree health benefit trust fund is established for the exclusive
benefit of retired state employees and their dependents.
(b) The sole purpose of the trust fund established pursuant to
subdivision one of this section shall be to fund the retiree health
benefits of retired state employees and their dependents.
4. (a) Payments into and from the trust fund established pursuant to
subdivision one of this section shall be made in accordance with this
section.
(b) Contributions to the trust, and any interest or other income or
earnings on contributions, shall be irrevocable before all liabilities
of the state government for retiree health benefits have been satisfied
and shall be solely dedicated to, and used solely for, providing retiree
health benefits and paying appropriate and reasonable expenses of
administering the trust. No assets, income, earnings or distributions of
the trust shall be subject to any claim of creditors of the state, or to
assignment or execution, attachment or any other claim enforcement
process initiated by or on behalf of such creditors. Except as otherwise
provided in subdivision eight of this section, the commissioner shall
not be responsible for the adequacy of the assets of the trust to meet
any other post-employment benefit. The trust may be terminated only when
all liabilities of the state for retiree health benefits have been
satisfied and there is no present or future obligation, contingent or
otherwise, of the state to provide such retiree health benefits. Upon
such termination, any remaining trust assets, after any proper expenses
of the trust have been paid, shall revert to the state.
(c) At the request of the director of the budget, the state
comptroller shall transfer monies from the general fund to the trust
fund up to and including an amount equivalent to one and fifty
one-hundredths of one per centum of the total actuarial accrued
liability included in the state of New York comprehensive annual
financial report.
(d) Any use of funds for retiree health benefits from such trust fund
shall not be subject to an appropriation and shall be transferred by the
state comptroller, at the request of the director of the budget, to the
extent funds are available in such trust fund, to the health insurance
fund for the sole and exclusive purpose of funding retiree health
benefits. The director of the budget shall notify both houses of the
legislature in writing thirty days prior to initiating transfers
pursuant to this authorization.

5. Investments. (a) The commissioner may establish a trust in joint
custody with the state comptroller for the purpose of accumulating
assets to fund the cost of providing retiree health benefits.
(b) The commissioner is hereby declared to be the trustee of the trust
established pursuant to subdivision one of this section, and the
commissioner shall delegate responsibility for managing the investments
of the trust fund established pursuant to subdivision one of this
section to the state comptroller. The state comptroller shall manage the
investments of the trust fund established pursuant to subdivision one of
this section in a careful and prudent manner consistent with the
guidelines and provisions of section ninety-eight this article.
(c) Any interest or other income or earnings resulting from the
investment of assets of the trust shall accrue to and become part of the
assets of the trust.
6. In accordance with paragraph (b) of subdivision five of this
section, the state comptroller shall develop, in consultation with the
state health insurance council, a written investment policy for
selecting investment options in a manner consistent with the investment
options prescribed in section ninety-eight of this article so that the
state comptroller may be able to invest fund monies in accordance with
such policy. Such policy shall include a statement of investment
objectives addressing, in the following order of priority, the ability
to timely meet disbursement requests without forced sale of assets,
safety of principal and attainment of market rates of return.
7. Neither the state nor the commissioner shall be liable for any loss
or expense suffered by the trust in the absence of bad faith, willful
misconduct or intentional wrongdoing. The commissioner shall be
considered to be acting as an officer of the state for purposes of
section seventeen of the public officers law, provided, however, that
the costs of any defense or indemnification of the commissioner arising
from the exercise of the functions of trustee shall be payable from the
assets of the trust.
8. Nothing contained in this section shall be interpreted or construed
to: (a) create any obligation in, impose any obligation on, or alter any
obligation of the state to provide retiree health benefits;
(b) limit or restrict the authority of the state to modify or
eliminate retiree health benefits;
(c) assure or deny retiree health benefits; or
(d) require the state to fund its liability for retiree health
benefits.

Structure New York Laws

New York Laws

STF - State Finance

Article 6 - Funds of the State

70 - Classification of Funds.

71 - Abolition, Maintenance and Establishment of Funds.

71-A - Funds Established by Law.

71-B - Expenditure of Check-Off Monies.

72 - General Fund.

73 - Federal Interest Subsidy Payments.

74 - Transportation Infrastructure Renewal Fund.

75 - Establishment of Accounts.

76 - Rail Preservation and Development Fund.

77 - Accelerated Capacity and Transportation Improvements Fund.

78 - New York State College Choice Tuition Savings Program Trust Fund.

78-A - New York Higher Education Loan Program Variable Rate Default Reserve Fund.

78-B - New York Higher Education Loan Program Fixed Rate Default Reserve Fund.

79 - World Trade Center Memorial Foundation Fund.

80 - Real Estate Finance Bureau Fund.

80-A - Anti-Discrimination in Housing Fund.

81 - Veterans' Home Assistance Fund.

82 - Gifts to Food Banks Fund.

83 - Conservation Fund.

83-A - Habitat Conservation and Access Account.

84 - The United States Olympic Committee/lake Placid Olympic Training Center Fund.

84-A - Olympic Games Guaranty Fund.

88 - New York State Infrastructure Trust Fund.

88-A - Mass Transportation Operating Assistance Fund.

88-B - Suburban Transportation Fund.

88-D - Airport Improvement and Revitalization Fund.

89-B - Dedicated Highway and Bridge Trust Fund.

89-C - Dedicated Mass Transportation Trust Fund.

89-D - Motor Vehicle Theft and Insurance Fraud Prevention Fund.

89-E - Alzheimer's Disease Assistance Fund.

89-F - Workers' Compensation Security Fund Payment Account.

89-G - Accident Prevention Course Internet, and Other Technology Pilot Program Fund.

89-H - Medical Cannabis Trust Fund.

92-H - Sales Tax Revenue Bond Tax Fund.

92-I - Stock Transfer Incentive Fund.

92-N - Snowmobile Trail Development and Maintenance Fund.

92-P - Voting Machine and System Examination Fund.

92-Q - Housing Assistance Fund.

92-Q*2 - The Institute for the Hudson River Collection Fund.

92-R - Local Government Assistance Tax Fund.

92-S - Environmental Protection Fund.

92-T - New York State Campaign Finance Fund.

92-U - New York State Canal System Development Fund.

92-V - Linked Deposit Program Fund.

92-W - Missing and Exploited Children Clearinghouse Fund.

92-X - Tobacco Settlement Fund.

92-Z - Revenue Bond Tax Fund.

92-AA - Special School Purpose School Aid.

92-BB - Waste Management and Cleanup Fund.

92-CC - Rainy Day Reserve Fund.

92-DD - Health Care Reform Act (Hcra) Resources Fund.

92-EE - New York State Higher Education Endowment.

92-FF - Metropolitan Transportation Authority Financial Assistance Fund.

92-GG - Charitable Gifts Trust Fund.

92-GG*2 - Subway Assistance Fund.

92-HH - Health Care Transformation Fund.

92-II - Metropolitan Transportation Authority Capital Assistance Fund.

92-JJ - Metropolitan Transportation Authority Paratransit Assistance Fund.

93 - Capital Projects Fund.

93-A - New York State Storm Recovery Capital Fund.

93-B - Dedicated Infrastructure Investment Fund.

94 - Court Facilities Incentive Aid Fund.

94-A - New York City County Clerks' Operations Offset Fund.

94-B - Judiciary Data Processing Offset Fund.

95 - Abandoned Property Fund.

95-A - New York State Innovation in Breast Cancer Early Detection and Research Awards Program Fund.

95-B - The New York State "Drive Out Diabetes Research and Education Fund".

95-C - The Marine and Coastal District of New York Conservation, Education, and Research Fund.

95-D - The New York State "Multiple Sclerosis Research Fund".

95-D*2 - "Life Pass It on Trust Fund".

95-E - New York State Prostate and Testicular Cancer Research and Education Fund.

95-E*2 - New York State Autism Awareness and Research Fund.

95-F - The New York State Water Rescue Team Awareness and Research Fund.

95-F*2 - The Eighth Air Force Historical Society Fund.

95-G - Department of Motor Vehicles Distinctive Plate Development Fund.

95-H - Mental Illness Anti-Stigma Fund.

95-I - New York State Als Research and Education Fund.

95-J - The New York State Two Hundred Fiftieth Commemoration Commission Fund.

89-I - Military Family Relief Fund.

89-J - The School Bus Motorist Education Fund.

89-J*2 - Substance Use Disorder Education and Recovery Fund.

90 - New York State Department of Transportation Highway Safety Program Fund.

90-A - New York State Passenger Facility Charge Fund.

91-A - Revenue Arrearage Account.

91-B - Boating Noise Level Enforcement Fund.

91-C - Special Offset Fiduciary Account.

91-D - Recruitment Incentive and Retention Account

91-F - Adult Home Quality Enhancement Fund.

91-G - Senior Wellness in Nutrition Fund.

92 - Tax Stabilization Reserve Fund.

92-B - Stock Transfer Tax Fund.

92-C - State Lottery Fund.

92-D - Municipal Assistance Tax Fund.

92-E - Municipal Assistance State Aid Fund.

92-F - Special Sales and Compensating Use Tax Fund for the City of Yonkers.

92-G - Motorcycle Safety Fund.

95-K - Transgender and Non-Binary (Tgnb) Wellness and Equity Program Fund.

95-K*2 - Lyme and Tick-Borne Diseases Education, Research and Prevention Fund.

96 - The World Trade Center Memorial Scholarship Fund.

97 - Housing Debt Fund, and Urban Renewal Debt Fund.

97-A - Environmental Quality Protection Fund.

97-B - Hazardous Waste Remedial Fund.

97-C - Training and Education Program on Occupational Safety and Health Fund.

97-D - Environmental Quality Bond Act Fund.

97-E - Forest Preserve Expansion Fund.

97-F - Mental Health Services Fund.

97-G - Centralized Services Fund.

97-H - Lake George Park Trust Fund.

97-I - New York State Local Government Records Management Improvement Fund.

97-J - Firearm Violence Research Fund.

97-K - Minority and Women-Owned Business Enterprise Fund.

97-L - Sewage Treatment Program Management and Administration Fund.

97-P - Community College Tuition and Instructional Income Fund.

97-Q - New York State Emergency Medical Services Training Account.

97-R - State Cemetery Vandalism Restoration, Monument Repair or Removal and Administration Fund.

97-S - Nelson A. Rockefeller Empire State Plaza Performing Arts Center Corporation Fund.

97-T - Lawyers' Fund for Client Protection of the State of New York.

97-V - The New York Interest on Lawyer Account (Iola) Fund.

97-V*2 - New York State Musical Instrument Revolving Fund.

97-W - Chemical Dependence Service Fund.

97-X - Statewide Planning and Research Cooperative System; Assessment of Annual Fees on General Hospitals.

97-Y - Business and Licensing Services Account.

97-Z - Arts Capital Grants Fund.

97-AA - The New York State "Discover Queens Fund".

97-BB - Criminal Justice Improvement Account.

97-CC - Municipal Gun Buypack Program Fund.

97-DD - Eminent Domain Account.

97-EE - New York Great Lakes Protection Fund.

97-FF - Empire State Entertainment Diversity Job Training Development Fund.

97-GG - Division for Youth Facilities Improvement Fund.

97-HH - Tuition Reimbursement Fund.

97-JJ - Industrial and Utility Service Account.

97-JJ*2 - Not-for-Profit Short-Term Revolving Loan Fund.

97-KK - Local Services Account.

97-LL - Improvement of Real Property Tax Administration Account.

97-MM - State Park Infrastructure Fund.

97-MM*2 - State Police Motor Vehicle Law Enforcement Account.

97-NN - Pet Cemetery and Pet Crematorium Inspection and Licensing Fund.

97-NN*2 - World University Games Fund.

97-NN*3 - "I Love Ny Waterways" Fund.

97-OO - Biodiversity Stewardship and Research Fund.

97-OO*2 - Clean Air Fund.

97-PP - New York State Emergency Services Revolving Loan Account.

97-QQ - Statewide Public Safety Communications Account.

97-RR - Pet Dealer Licensing Fund.

97-TT - Intervenor Account.

97-UU - Legislative Computer Services Fund.

97-VV - Senate Recyclable Materials, Information Services and Conference Fund.

97-WW - Assembly Recyclable Materials, Information Services and Conference Fund.

97-XX - Animal Population Control Fund.

97-YY - Breast Cancer Research and Education Fund.

97-ZZ - Federal Revenue Maximization Contract Fund.

97-AAA - Clean Water/clean Air Bond Fund.

97-BBB - Clean Water/clean Air Fund.

97-DDD - Federal Single Audit Chargeback Account.

97-DDD*2 - Drinking Water Program Management and Administration Fund.

97-DDD*3 - Education Archives Account.

97-EEE - Clean Water/clean Air Implemenation Fund.

97-EEE*2 - Education Library Account.

97-FFF - Summer School of the Arts Account.

97-GGG - Teacher Certification Program Account.

97-HHH - High School Equivalency Account.

97-III - Indirect Cost Recovery Account.

97-JJJ - Rome School for the Deaf Account.

97-KKK - Batavia School for the Blind Account.

97-LLL - Vocational Rehabilitation Fund.

97-MMM - Archives Records Management Account.

97-NNN - Office of the Professions Account.

97-OOO - Department of Corrections and Community Supervision Asset Forfeiture Account.

97-PPP - Education Museum Account.

97-QQQ - Automation and Printing Chargeback Account.

97-RRR - School Tax Relief Fund.

97-RRR*2 - Debt Reduction Reserve Fund.

97-SSS - Charter Schools Stimulus Fund.

97-TTT - Federal Revenue Maximization Contract Fund.

97-UUU - Tax Revenue Arrearage Account.

97-UUU*2 - Transportation Infrastructure Bond Fund.

97-VVV - Universal Prekindergarten Reserve Fund.

97-WWW - Cuba Lake Management Fund.

97-WWW*2 - Quality Child Care and Protection Fund.

97-WWW*3 - Underground Facilities Safety Training Account.

97-WWW*4 - Consumer Protection Account.

97-WWW*5 - Percy T. Phillips Educational Foundation of the Dental Society of the State of New York Fund.

97-XXX - Additional Mass Transportation Assistance Fund.

97-XXX*2 - Agriculture in the Classroom Fund.

97-YYY - Children and Family Services Quality Enhancement Fund.

97-YYY*2 - Domestic Violence Awareness Fund.

97-ZZZ - Cultural Education Account.

97-CCCC - Interest Assessment Surcharge Fund.

97-CCCC*2 - Vital Records Management Account.

97-CCCC*3 - Tobacco Revenue Guarantee Fund.

97-CCCC*4 - Erie Canal Museum Fund.

97-DDDD - Community Mental Health Support and Workforce Reinvestment Account.

97-EEEE - Rebuild and Renew New York Transportation Bond Fund.

97-EEEE*2 - Cultural Resource Survey Account.

97-EEEE*3 - Federal-State Health Reform Partnership Program Account.

97-GGGG - Medicaid Training Contract Account.

97-HHHH - The Student Lending Education Account.

97-IIII - Patient Safety Center Account.

97-JJJJ - Education Assessment Account.

97-KKKK - Intervenor Account.

97-LLLL - Interstate Reciprocity for Post-Secondary Distance Education Account.

97-LLLL*2 - Women's Cancers Education and Prevention Fund.

97-MMMM - Veterans Remembrance and Cemetery Maintenance and Operation Fund.

97-NNNN - Commercial Gaming Revenue Fund.

97-OOOO - Basic Health Program Trust Fund.

97-OOOO*2 - Smart Schools Bond Fund.

97-PPPP - Lupus Research and Education Fund.

97-PPPP*2 - Sickle Cell Disease Research and Education Fund.

97-QQQQ - Cystic Fibrosis Research and Education Fund.

97-RRRR - Lupus Education and Prevention Fund.

97-SSSS - Leukemia, Lymphoma and Myeloma Research, Education and Treatment Fund.

97-SSSS*2 - Elevator and Related Conveyances Safety Program Account.

97-TTTT - Clean Water, Clean Air, and Green Jobs Bond Fund.

97-YYYY - Arts Fund.

97-XXXX - State Health Innovation Plan Account.

97-AAAAA - Opioid Stewardship Fund.

98 - Investment of State Funds.

98-A - Investment of General Funds, Bond Proceeds, and Other Funds Not Immediately Required.

98-B - Indigent Legal Services Fund.

98-C - Legal Services Assistance Fund.

98-D - 1332 State Innovation Program Fund.

99 - Withholding of State Assistance Upon Default in Payment of Bonds Held by the State.

99-A - Justice Court Fund.

99-B - Withholding of State Aid for School Purposes Upon Default in Payment of Obligations of the Prospective Recipient.

99-C - Withholding of State Aid Upon Failure of Municipalities and School Districts to Repay Health Insurance Reserve Receipts When Required.

99-D - City University Stabilization Account.

99-D*2 - Community Projects Fund.

99-E - State University Stabilization Account.

99-F - Spinal Cord Injury Research Trust Fund.

99-H - Tribal-State Compact Revenue Account.

99-H*2 - Teacher Education Accreditation Account.

99-I - Racing Regulation Account.

99-J - Child Performer's Protection Fund.

99-K - Child Performer's Holding Fund.

99-L - Assisted Living Residence Quality Oversight Fund.

99-L*2 - Love Your Library Fund.

99-N - Highway Construction and Maintenance Safety Education Fund.

99-O - Arts Institutions Revolving Loan Fund.

99-P - Empire State Stem Cell Trust Fund.

99-Q - Volunteer Firefighting and Volunteer Emergency Services Recruitment and Retention Fund.

99-S - Youth Facility per Diem Account.

99-T - New York State Medical Indemnity Fund Account.

99-U - New York State Gaming Commission Account.

99-U*2 - New York State Teen Health Education Fund.

99-V - Mortgage Settlement Proceeds Trust Fund.

99-V*2 - Homeless Veterans Assistance Fund.

99-W - Transit Assistance for Capital Investments Fund.

99-W*2 - Suny Dsrip Escrow Fund.

99-X - New York Achieving a Better Life Experience (Ny Able) Savings Program Trust Fund.

99-Y - Suny Stony Brook Affiliation Escrow Fund.

99-Y*2 - Health Republic Insurance of New York Fund.

99-Y*3 - Highway Use Tax Administration Account.

99-Z - Cure Childhood Cancer Research Fund.

99-AA - Retiree Health Benefit Trust Fund.

99-BB - Armory Rental Account.

99-BB*2 - Parking Services Fund.

99-BB*3 - New York State Secure Choice Administrative Fund.

99-BB*4 - Suny Stony Brook Eastern Long Island Hospital Affiliation Escrow Fund.

99-BB*5 - School-Based Health Centers Fund.

99-CC - Solid Waste Fund.

99-DD - Special Events Fund.

99-EE - Down's Syndrome Research Fund.

99-FF - Parks Retail Stores Fund.

99-FF*2 - New York Central Business District Trust Fund.

99-GG - Golf Fund.

99-HH - Criminal Justice Discovery Compensation Fund.

99-HH*2 - Public Health Emergency Charitable Gifts Trust Fund.

99-HH*3 - Endangered and Threatened Species Mitigation Bank Fund.

99-HH*4 - Behavioral Health Parity Compliance Fund.

99-II - New York State Cannabis Revenue Fund.

99-JJ - New York State Drug Treatment and Public Education Fund.

99-KK - New York State Community Grants Reinvestment Fund.

99-LL - New York State Council on the Arts Cultural Programs Fund.

99-MM - Emergency Rental Assistance Municipal Corporation Allocation Fund.

99-NN - Opioid Settlement Fund.

99-OO - Pharmacy Benefit Manager Regulatory Fund.

99-PP - Background Check Fund.

99-PP*2 - Agricultural and Farmland Viability Protection Fund.

99-PP*3 - Animal Shelter Regulation Fund.

99-QQ - Hazard Mitigation State Revolving Loan Fund.

99-QQ*2 - New York Climate Action Fund.