N.Y. PBA Law § 1276-A

§ 1276-a. Annual audit of authority. The comptroller shall conduct an\nannual audit of the books and records of the authority and its\nsubsidiary corporations. Such audit shall include a complete and\nthorough examination of such authority's receipts, disbursements,\nrevenues and expenses during the prior fiscal year in accordance with\nthe categories or classifications established by such authority for its\nown operating and capital outlay purposes; assets and liabilities at the\nend of its last fiscal year including the status of reserve,\ndepreciation, special or other funds and including the receipts and\npayments of these funds; schedule of bonds and notes outstanding at the\nend of its fiscal year and their redemption dates, together with a\nstatement of the amounts redeemed and incurred during such fiscal year;\noperations, debt service and capital construction during the prior\nfiscal year.\n The comptroller, upon completion of such audit, shall within sixty\ndays thereafter, report to the governor and the legislature his\nfindings, conclusions and recommendations thereof.\n