N.Y. LAB Law § 727

§ 727. Accounting requirements. 1. Every labor organization, employer\norganization, employer and labor relations consultant shall maintain\ndetailed and accurate books and records of account in conformity with\ngenerally accepted accounting principles and in accordance with\nstandards prescribed by the industrial commissioner; provided, however,\nthat the standards prescribed may vary according to the size and type of\nthe organization. All books and records of account shall be preserved\nfor a period of five years. The persons required to prepare reports\nunder section seven hundred twenty-six of this article, shall be\nresponsible for the maintenance and preservation of books and records of\naccount required by this section.\n 2. The industrial commissioner, when he has reasonable cause to\nbelieve that the required accounting standards have not been maintained\nor that the books and records do not accurately reflect the financial\ncondition and financial transactions of the labor organization or\nemployer organization, may examine the books and records of the\norganization, subpoena witnesses and documents, and make such other\ninvestigation as is necessary to enable him to determine the facts\nrelative thereto.\n The industrial commissioner, when he has reasonable cause to believe\nthat the books and records and the annual financial report required by\nsection seven hundred twenty-six do not accurately reflect the matters\nrequired to be maintained or reported by the labor organization,\nemployer organization, employer or labor relations consultant, may\nexamine the books and records of such labor organization, employer\norganization, employer or labor relations consultant, subpoena witnesses\nand documents, and make such other investigation as is necessary to\nenable him to determine the facts relative thereto.\n