N.Y. Workers' Compensation Law Section 85
Commissioner of taxation and finance custodian of fund

76
Creation of state fund 77
Administration 78
Salaries and expenses 79
Meetings 80
Seal 81
Offices, lands, leaseholds and buildings 82
Powers and duties 83
Rules 84
General attorney 85
Commissioner of taxation and finance custodian of fund 86
Catastrophe surplus and reserves for workers’ compensation 86–A
Catastrophe surplus and reserves for disability benefits 87
Investment of surplus or reserve 87–A
Investment in obligations of the municipal assistance corporation for the city of New York 87–B
Investments in obligations of the city of Yonkers 87–BB
Investments in obligations of the city of Yonkers 87–C
Investments in obligations of designated public benefit corporations 87–D
Contractual obligations as evidence of indebtedness upon reimbursement of reserves 87–E
Amortization of gains or losses 87–F
Appropriations to the state insurance fund 87–G
Advances to the urban development corporation 87–H
Investments of the state insurance fund 87–I
New York state insurance fund MWBE asset management and financial institution strategy 88
Administration expenses 88*2
Administration expenses 88–A
Payments from special or administrative funds 88–B
Coverage of employees in state-supported educational institutions 88–C
Coverage of state employees 89
Rates for workers’ compensation 90
Dividends 91
Groups for accident prevention 92
Payment of premiums 93
Collection of premium in case of default 94
Withdrawal from fund 95
Record and audit of payrolls 96
Penalties for fraudulent practices 97
Inspections 98
Disclosures prohibited 99
Reports of state insurance fund 100
Insurance against liability to volunteer firefighters and ambulance workers