New York Consolidated Laws, Public Authorities Law - PBA § 3971. Audits

1. The accounts of the authority shall be subject to the audit of the comptroller and the state comptroller.  In addition, the authority shall be subject to an annual financial audit performed by an independent certified accountant selected by the authority.  Such audit report shall be submitted to the county executive, the presiding officer, the comptroller, the governor, the state comptroller, the chair and ranking minority member of the state senate finance committee and the chair and ranking minority member of the state assembly ways and means committee.

2. For each fiscal year during the existence of the authority, and within one hundred twenty days after the close of the county's fiscal year, the county shall submit its audited financial statements to the authority.