§ 3871. 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 city, the presiding officer, the
comptroller, the governor, the state comptroller, the chair and ranking
minority member of the senate finance committee and the chair and
ranking minority member of the 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 city's fiscal
year, the city shall submit its audited financial statements to the
authority.