New York Consolidated Laws, Retirement and Social Security Law - RSS § 425. Separability of retirement systems

No provision of this article shall be construed as an impairment of the separability of or of the corporate powers and privileges of the employees' retirement system or the police and fire retirement system. The comptroller shall establish or continue separate funds and accounts for each retirement system, consistent with the common retirement fund herein provided for, as may be required to carry out the separate purposes and privileges of each retirement system.