N.Y. WKC Law § 87-E

§ 87-e. Amortization of gains or losses. Gains or losses realized by\nthe state insurance fund as a result of sales or dispositions pursuant\nto the authorization and direction of section eighty-seven-a,\neighty-seven-b, eighty-seven-bb, eighty-seven-c, or eighty-seven-f of\nthis chapter shall be transferred to a special asset account to be known\nas the deferred charge on account of security exchanges and shall be\namortized within such account on a basis which matches as nearly as\npossible all gains or losses so realized against any increase or\ndecrease in income resulting from the reinvestment of the proceeds of\nsuch sales or dispositions, provided that the period of amortization of\nthe gain or loss resulting from the sale or disposition of each\ninvestment shall not be longer than the unexpired period from the date\nof such sale or disposition to the maturity of the investment so sold or\ndisposed of, or on such other basis as the superintendent of financial\nservices may authorize in his discretion.\n