N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 517
Annual reports

In addition to the reports required by article 5-A (Off-track Pari-mutuel Betting)article five-a of this chapter, within one hundred twenty days after the end of the fiscal year of the corporation, the directors thereof shall submit to the participating counties, the commission, and the state comptroller a complete and detailed audited report setting forth:

1.

its operations and accomplishments during such fiscal year;

2.

its receipts and expenditures during such fiscal year in accordance with categories or classifications established by the corporation for its own operating and capital outlay purposes;

3.

its assets and liabilities at the end of such fiscal year including a schedule of its bonds, notes or other obligations and the status of reserves, depreciations, special, sinking or other funds;

4.

details of branch offices being planned or in the process of being constructed or otherwise established and branch offices that have been constructed or established; and

5.

such other information relating to the operations of the corporation as shall be deemed pertinent by the directors, the participating counties, the commission, and the state comptroller.

Source: Section 517 — Annual reports, https://www.­nysenate.­gov/legislation/laws/PML/517 (updated Oct. 16, 2020; accessed Sep. 5, 2026).

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Verified:
Sep. 5, 2026

Last modified:
Oct. 16, 2020

§ 517. Annual reports's source at nysenate​.gov

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