N.Y. Workers' Compensation Law Section 215
Commissioner of taxation and finance custodian of fund

The commissioner of taxation and finance shall be the custodian of the special fund for disability benefits and all disbursements therefrom shall be paid by him upon drafts signed by the chairman or those authorized by the chairman for that purpose. The commissioner of taxation and finance shall give a separate and additional bond in an amount to be fixed by and with sureties approved by the state comptroller conditioned for the faithful performance of his duty as custodian of the fund. The commissioner of taxation and finance shall deposit any portion of the fund not needed for immediate use, in the manner and subject to all the provisions of law respecting the deposit of other state funds by him. The commissioner of taxation and finance may invest any surplus or reserve moneys thereof in securities of the United States or the state of New York and in interest bearing certificates of deposit of a bank or trust company located and authorized to do business in this state or of a national bank located in this state secured by a pledge of direct obligations of the United States or of the state of New York, or in accordance with the provisions of State Finance Law § 98-A (Investment of general funds, bond proceeds, and other funds not immediately required)section ninety-eight-a of the state finance law, in an amount equal to the amount of such certificates of deposit, and may sell any such securities or certificates of deposit if advisable for the proper administration of such fund. Interest earned by such portion of the fund deposited or invested by the commissioner of taxation and finance shall be collected by him and placed to the credit of the fund. The commissioner of taxation and finance may issue checks on the fund for the transfers of moneys between depositories and for the purpose of making investments for the fund.

Source: Section 215 — Commissioner of taxation and finance custodian of fund, https://www.­nysenate.­gov/legislation/laws/WKC/215 (updated Sep. 22, 2014; accessed Nov. 29, 2025).

200
Short title 201
Definitions 202
Covered employer 203
Employees eligible for benefits under section two hundred four of this article 203–A
Retaliatory action prohibited for family leave 203–B
Reinstatement following family leave 203–C
Health insurance during family leave 204
Disability and family leave during employment 205
Disabilities, family leave and periods for which benefits are not payable 206
Non-duplication of benefits 207
Disability while unemployed 208
Payment of disability and family leave benefits 209
Contribution of employees for disability and family leave benefits 210
Employer contributions 211
Provision for payment of benefits 212
Voluntary coverage 212–A
Notwithstanding the definition of “employer” and “employment” set forth in section two hundred one of this article and the requirement fo... 212–B
Public employees 213
Non-compliance or default 214
Special fund for disability benefits 215
Commissioner of taxation and finance custodian of fund 216
Disposition of uncommitted balance of employees’ contributions 217
Notice and proof of claim 218
Disability benefit rights inalienable 219
Enforcement of payment in default 220
Penalties 221
Determination of contested claims for disability and family leave benefits 222
Technical rules of evidence or procedure not required 223
Modification of board decisions or orders 224
Appeals 225
Fees for representing employees 226
The insurance contract 227
Actionable injuries in claims for disability benefits 228
Administrative expenses 229
Posting of notice and providing of notice of rights 230
Destruction of records 231
Subpoenas 232
Fees for testimony of physicians, podiatrists, chiropractors, dentists, psychologists and health care providers 233
Inspection of records of employers 234
Disclosures prohibited 235
Exemptions 236
Disposition of accrued benefits upon death 237
Reimbursement for advance payments by employers 238
Payments to minors 239
Representation before the board 240
Non-liability of state 241
Application of other provisions of chapter 242
Separability of provisions
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Verified:
Nov. 29, 2025

Last modified:
Sep. 22, 2014

§ 215. Comm’r of taxation & finance custodian of fund's source at nysenate​.gov

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