New York Statutes

§ 11 — Gifts, devises and bequests

New York·Law STF State Finance·Art. 2 General Fiscal Provisions
§ 11. Gifts, devises and bequests. Whenever any gift or bequest of\nmoney is lawfully made to the state, or to any department, board, bureau\nor officer thereof, the amount of such gift or bequest shall be paid to\nthe department of taxation and finance to be held by such department in\ntrust for the uses and purposes specified by the donor. Any such grant,\ngift or bequest shall be deposited by the department of taxation and\nfinance in the treasury to the credit of a special fund to be designated\nby the state comptroller. Such trust fund shall be disbursed by the\ndepartment of taxation and finance after audit by the state comptroller\nfor the uses and purposes specified by the donor upon certification of\nthe department, board, bureau or officer for whose benefit the trust was\ncreat

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