§ 6231. Certain payment by the state of New York to the city of New
York. 1. a. (i) Notwithstanding any inconsistent provision of law, but
subject to the provisions of paragraph d of this subdivision, the state
and the city of New York shall each contribute fifty per centum of:

(A) all unfunded accrued liability payments required to be made during
the twelve-month period commencing on July first, nineteen hundred
seventy-nine pursuant to chapters nine hundred seventy-five, nine
hundred seventy-six, and nine hundred seventy-seven of the laws of
nineteen hundred seventy-seven with respect to required employer
contributions to the New York city employees' retirement system and to
the New York city teachers' retirement system on account of employees of
the senior colleges of the city university of New York; and

(B) all revised unfunded accrued liability payments (as defined in
subdivision seven of section sixty-two hundred two of this article)
which are required to be made during the twelve-month period commencing
on July first, nineteen hundred eighty with respect to required employer
contributions to such retirement systems on account of employees of such
senior colleges; and

(C) all installments of the nineteen hundred eighty unfunded accrued
liability adjustment (as defined in subdivision eight of such section
sixty-two hundred two), which installments (if such adjustment is a
charge) are required to be paid in the twelve-month period beginning on
July first, nineteen hundred eighty with respect to required employer
contributions to such retirement systems on account of employees of such
senior colleges.

(ii) Notwithstanding any inconsistent provision of law to the
contrary, but subject to the provisions of paragraph d of this
subdivision, the city of New York shall contribute twenty per centum of
the amount of one year's interest required to be paid in the
twelve-month period beginning July first, nineteen hundred eighty on the
amount of the balance sheet liability (as such liability is determined
as of June thirtieth, nineteen hundred eighty) with respect to required
employer contributions to such retirement systems on account of
employees of such senior colleges plus thirty per centum of that portion
of the amount of one year's interest required to be paid in the
twelve-month period beginning July first, nineteen hundred eighty on the
amount of the balance sheet liability which would represent the amount
of one year's interest which would be required on the amount of a
hypothetical balance sheet liability had such hypothetical balance sheet
liability been determined on June thirtieth, nineteen hundred
seventy-five, with respect to required employer contributions to such
retirement systems on account of employees of such senior colleges.

(iii) Notwithstanding any inconsistent provision of law to the
contrary, but subject to the provisions of paragraph d of this
subdivision, the state of New York shall contribute that portion of the
amount of one year's interest required to be paid in the twelve-month
period beginning July first, nineteen hundred eighty on the amount of
the balance sheet liability (as such liability is determined as of June
thirtieth, nineteen hundred eighty) with respect to required employer
contributions to such retirement systems on account of employees of such
senior colleges, which portion shall be the remainder computed by
subtracting from the amount of such one year's interest required to be
paid in such twelve-month period in relation to such employees, the
amount of interest required by subparagraph (ii) of this paragraph to be
contributed by the city of New York.

b. (i) Notwithstanding any inconsistent provision of law, but subject
to the provisions of paragraph d of this subdivision, commencing with
the twelve-month period beginning July first, nineteen hundred
eighty-one and ending with the twelve-month period terminating on June
thirtieth, nineteen hundred ninety, the state and the city of New York
shall each contribute fifty percentum of:

(A) all revised unfunded accrued liability payments (as defined in
subdivision seven of section sixty-two hundred two of this article)
which are required to be made with respect to required employer
contributions to such retirement systems on account of employees of such
senior colleges; and

(B) all installments of the nineteen hundred eighty unfunded accrued
liability adjustment (as defined in subdivision eight of such section
sixty-two hundred two) which installments (if such adjustment is a
charge) are required to be paid with respect to employer contributions
to such retirement systems on account of employees of such senior
colleges.

(ii) Notwithstanding any inconsistent provision of law to the
contrary, but subject to the provisions of paragraph d of this
subdivision and subparagraph (iv) of this paragraph, commencing with the
twelve-month period beginning July first, nineteen hundred eighty-one
and thereafter, the city of New York shall contribute twenty per centum
of that portion of the yearly installment of the balance sheet liability
contribution (as defined in subdivision nine of such section sixty-two
hundred two) payable with respect to each such retirement system for
each such twelve-month period with respect to required employer
contributions to such retirement system on account of employees of such
senior colleges, plus thirty per centum of that portion of the balance
sheet liability contribution (as defined in subdivision nine of such
section sixty-two hundred two) which would represent the hypothetical
balance sheet liability contribution which would have been required to
be made with respect to employer contributions on account of employees
of such senior colleges if the balance sheet liability had been
determined on June thirtieth, nineteen hundred seventy-five.

(iii) Notwithstanding any inconsistent provision of law to the
contrary, but subject to the provisions of paragraph d of this
subdivision and subparagraph (iv) of this paragraph, commencing with the
twelve-month period beginning July first, nineteen hundred eighty-one
and thereafter, the state shall contribute that portion of the yearly
installment of the balance sheet liability contribution (as defined in
subdivision nine of such section sixty-two hundred two) payable with
respect to each such retirement system for each such twelve-month period
with respect to required employer contributions to such retirement
system on account of employees of such senior colleges, which portion
shall be the remainder computed by subtracting from such yearly
installment with respect to such retirement system on account of such
employees, the amount which the provisions of subparagraph (ii) of this
paragraph require the city of New York to contribute for the same
twelve-month period with respect to such retirement system.

(iv) (A) Notwithstanding any provision of law to the contrary, but
subject to the provisions of paragraph d of this subdivision, the city
of New York shall contribute, in each applicable twelve-month period of
the twenty-year amortization schedule set forth in subdivision bb of
section 13-638.2 of the administrative code of the city of New York, a
portion of each of the following installments, which portion shall be
determined pursuant to the method of computation set forth in
subparagraph (ii) of this paragraph with respect to determination of the
portion of the balance sheet liability contribution required to be paid
by the city:

(1) all NYCERS installments of nineteen hundred ninety BSL
contribution attributable to the senior colleges (as defined in
subdivision eight-m of section sixty-two hundred two of this article);
and

(2) all NYCTRS installments of nineteen hundred ninety BSL
contribution attributable to the senior colleges (as defined in
subdivision eight-n of section sixty-two hundred two of this article).

(B) Notwithstanding any provision of law to the contrary, but subject
to the provisions of paragraph d of this subdivision, the state shall
contribute, in each applicable twelve-month period of the twenty-year
amortization schedule set forth in subdivision bb of section 13-638.2 of
the administrative code of the city of New York, a portion of each of
the installments referred to in item (A) of this subparagraph, which
portion shall be determined pursuant to the method of computation set
forth in subparagraph (iii) of this paragraph with respect to
determination of the portion of the balance sheet liability contribution
required to be paid by the state.

c. (i) If the nineteen hundred eighty unfunded accrued liability
adjustment (as defined in subdivision eight of such section sixty-two
hundred two) is a credit with respect to either of such retirement
systems, there shall be determined the portion of the creditable
installments of such adjustment attributable to the New York city
employees' retirement system and the portion of such creditable
installments attributable to the New York city teachers' retirement
system. With respect to the twelve-month period beginning on July first,
nineteen hundred eighty and each succeeding twelve-month period to and
including the twelve-month period ending on June thirtieth, nineteen
hundred ninety, one-half of the installment, for such period, of the
credit attributable to the New York city employees' retirement system
shall be credited in favor of the city with respect to its obligations
to make contributions to such retirement system for such period and
one-half of such installment shall be credited in favor of the state
with respect to its obligations to make contributions to such retirement
system for such period. With respect to the twelve-month period
beginning on July first, nineteen hundred eighty and each succeeding
twelve-month period to and including the twelve-month period ending on
June thirtieth, nineteen hundred ninety, one-half of the installment,
for such period, of the credit attributable to the New York city
teachers' retirement system shall be credited in favor of the city with
respect to its obligations to make contributions to such retirement
system for such period and one-half of such installment shall be
credited in favor of the state with respect to its obligations to make
contributions to such retirement system for such period.

(ii) There shall be determined with respect to each such retirement
system the portion of each installment of the nineteen hundred
eighty-two unfunded accrued liability adjustment (as defined in
subdivision eight-a of such section sixty-two hundred two) creditable in
the twelve-month periods beginning on July first, nineteen hundred
eighty-two and ending on June thirtieth, nineteen hundred ninety, which
portion is attributable to the employees of such senior colleges.
One-half of such portion shall be credited in favor of the city with
respect to its obligations to make contributions to the New York city
employees' retirement system in each such twelve-month period and
one-half of such portion shall be credited in favor of the state with
respect to its obligations to make contributions to such retirement
system in such twelve-month period. With respect to the twelve-month
period beginning on July first, nineteen hundred eighty-two and each
succeeding twelve-month period to and including the twelve-month period
ending on June thirtieth, nineteen hundred ninety, one-half of such
portion applicable to the New York city teachers' retirement system
shall be credited in favor of the city with respect to its obligations
to make contributions to such retirement system in each such
twelve-month period and one-half of such portion shall be credited in
favor of the state with respect to its obligations to make contributions
to such retirement system in such twelve-month period.

c-1. (i) Notwithstanding any other provisions of law to the contrary,
commencing with the twelve-month period beginning on July first,
nineteen hundred eighty-five and in each twelve-month period thereafter
to and including the twelve-month period ending on June thirtieth,
nineteen hundred ninety:

(A) one-half of one annual installment of the NYCERS nineteen hundred
eighty-five unfunded accrued liability adjustment attributable to the
senior colleges (as defined in subdivision eight-b of section sixty-two
hundred two of this article) shall be credited in favor of the city with
respect to its obligations to make contributions of the New York city
employees' retirement system in each such twelve-month period; and

(B) one-half of one such annual installment above referred to in this
subparagraph shall be credited in favor of the state with respect to its
obligations to make contributions to such retirement system in each such
twelve-month period.

(ii) Notwithstanding any other provision of law to the contrary, there
shall be determined the portion of each installment of the NYCTRS
nineteen hundred eighty-five unfunded accrued liability adjustment (as
defined in subdivision eight-c of such section sixty-two hundred two)
creditable in the twelve-month periods beginning on July first, nineteen
hundred eighty-five and ending on June thirtieth, nineteen hundred
ninety, which portion is attributable to the employees of such senior
colleges. One-half of such portion shall be credited in favor of the
city with respect to its obligations to make contributions to the New
York city teachers' retirement system in each such twelve-month period
and one-half of such portion shall be credited in favor of the state
with respect to its obligations to make contributions to such retirement
system in such twelve-month period.

(iii) Notwithstanding any other provision of law to the contrary,
there shall be determined the portion of each installment of the NYCTRS
nineteen hundred eighty-six unfunded accrued liability adjustment (as
defined in subdivision eight-d of such section sixty-two hundred two)
creditable in the twelve-month periods beginning on July first, nineteen
hundred eighty-six and ending on June thirtieth, nineteen hundred
ninety, which portion is attributable to the employees of such senior
colleges. One-half of such portion shall be credited in favor of the
city with respect to its obligations to make contributions to the New
York city teachers' retirement system in each such twelve-month period
and one-half of such portion shall be credited in favor of the state
with respect to its obligations to make contributions to such retirement
system in such twelve-month period.

c-2. Notwithstanding any other provisions of law to the contrary:

(i) commencing with the twelve-month period beginning on July first,
nineteen hundred eighty-eight and in each twelve-month period thereafter
to and including the twelve-month period ending on June thirtieth,
nineteen hundred ninety:

(A) if the New York city employees' retirement system nineteen hundred
eighty-eight unfunded accrued liability adjustment attributable to the
senior colleges (as defined in subdivision eight-e of section sixty-two
hundred two of this article) is a charge, the state and the city of New
York shall each contribute to the New York city employees' retirement
system one-half of each of the installments of such charge for such
twelve-month periods; and

(B) if the New York city employees' retirement system nineteen hundred
eighty-eight unfunded accrued liability adjustment attributable to the
senior colleges is a credit, one-half of each installment of such credit
for such twelve-month periods shall be credited in favor of the state
with respect to its obligations to make contributions to such retirement
system for the twelve-month period to which such installment applies;
and one-half of each such installment shall be credited in favor of the
city of New York with respect to its obligations to make contributions
to such retirement system for the twelve-month period to which such
installment applies; and

(ii) commencing with the twelve-month period beginning on July first,
nineteen hundred eighty-eight and in each twelve-month period thereafter
to and including the twelve-month period ending on June thirtieth,
nineteen hundred ninety:

(A) if the New York city teachers' retirement system nineteen hundred
eighty-eight unfunded accrued liability adjustment attributable to the
senior colleges (as defined in subdivision eight-f of section sixty-two
hundred two of this article) is a charge, the state and the city of New
York shall each contribute to the New York city teachers' retirement
system one-half of each of the installments of such charge; and

(B) if the New York city teachers' retirement system nineteen hundred
eighty-eight unfunded accrued liability adjustment attributable to the
senior colleges is a credit, one-half of each installment of such credit
shall be credited in favor of the state with respect to its obligations
to make contributions to such retirement system for the twelve-month
period to which such installment applies and one-half of each such
installment shall be credited in favor of the city of New York with
respect to its obligations to make contributions to such retirement
system for the twelve-month period to which such installment applies.

c-3. Notwithstanding any other provision of law to the contrary,
commencing with the twelve-month period constituting the first fiscal
year of the applicable designated amortization period prescribed
pursuant to subdivision k of section 13-638.2 of the administrative code
of the city of New York with respect to any NYCERS post-June thirtieth,
nineteen hundred ninety unfunded accrued liability adjustment
attributable to the senior colleges (as defined in subdivision eight-g
of such section sixty-two hundred two), and commencing with the
twelve-month period constituting the first fiscal year of the applicable
designated amortization period prescribed pursuant to such subdivision k
with respect to any NYCTRS post-June thirtieth, nineteen hundred ninety
unfunded accrued liability adjustment attributable to the senior
colleges (as defined in subdivision eight-h of such section sixty-two
hundred two), and in each of the next succeeding twelve-month periods of
such applicable designated period of amortization:

(i) if such adjustment is a charge, the state and the city of New York
shall each contribute to the retirement system in relation to which such
adjustment is established one-half of the installment of such adjustment
due in such twelve-month period; and

(ii) if such adjustment is a credit, one-half of the installment of
such credit attributable to such twelve-month period shall be credited
in favor of the city with respect to its obligations to make
contributions to such retirement system in such twelve-month period and
one-half of the installment of such credit attributable to such
twelve-month period shall be credited in favor of the state with respect
to its obligations to make contributions to such retirement system in
such twelve-month period.

c-4. Notwithstanding any other provision of law to the contrary, but
subject to the provisions of paragraph d of this subdivision, in each
applicable twelve-month period of the twenty-year amortization schedule
set forth in subdivision bb of section 13-638.2 of the administrative
code of the city of New York, the state and the city of New York shall
each contribute one-half of the following installments:

(i) all NYCERS phase-in installments of nineteen hundred ninety UAL
contribution attributable to the senior colleges (as defined in
subdivision eight-i of section sixty-two hundred two of this article);

(ii) all NYCERS regular installments of nineteen hundred ninety UAL
contribution attributable to the senior colleges (as defined in
subdivision eight-j of section sixty-two hundred two of this article);

(iii) all NYCTRS phase-in installments of nineteen hundred ninety UAL
contribution attributable to the senior colleges (as defined in
subdivision eight-k of section sixty-two hundred two of this article);
and

(iv) all NYCTRS regular installments of nineteen hundred ninety UAL
contribution attributable to the senior colleges (as defined in
subdivision eight-1 of section sixty-two hundred two of this article).

d. The costs of such unfunded accrued liability contributions, revised
unfunded accrued liability contributions, contributions on account of
installments of nineteen hundred eighty unfunded accrued liability
adjustment (if such adjustment is a charge), contributions on account of
New York city employees' retirement system nineteen hundred eighty-eight
unfunded accrued liability adjustment attributable to the senior
colleges (if such adjustment is a charge) and New York city teachers'
retirement system nineteen hundred eighty-eight unfunded accrued
liability adjustment attributable to the senior colleges (if such
adjustment is a charge), contributions on account of any NYCERS
post-June thirtieth, nineteen hundred ninety unfunded accrued liability
adjustment attributable to the senior colleges (if such adjustment is a
charge), contributions on account of any NYCTRS post-June thirtieth,
nineteen hundred ninety unfunded accrued liability adjustment
attributable to the senior colleges (if such adjustment is a charge),
balance sheet liability contributions and contribution on account of
interest on balance sheet liability and contributions for twenty-year
amortization of nineteen hundred ninety senior college consolidated UAL
and senior college remainder of BSL (as defined in subdivision eight-o
of section sixty-two hundred two of this article) referred to in
paragraphs a, b, c-1, c-2, c-3 and c-4 of this subdivision shall be
pre-financed from city of New York funds. The state shall reimburse the
city of New York for the state's share of such costs in relation to such
employees resulting from such contributions payable to such retirement
systems during the periods beginning on July first, nineteen hundred
seventy-nine and thereafter according to the repayment schedule set
forth for the senior colleges in subparagraph three of subdivision A of
section sixty-two hundred twenty-one of this article.

2. For each city fiscal year, the board of trustees of the city
university shall submit a proposed budget request for such employer
contribution as defined in subdivision one above in such form and
content as shall be required by the state director of the budget. Such
proposed budget request shall be submitted to the governor by the first
day of October of each year, with copies at such time to the state
director of the budget, the senate finance committee, the assembly ways
and means committee and, for information purposes, the director of the
office of management and budget of the city of New York. The governor
shall submit his recommendations with respect to such budget to the
legislature as part of the local assistance portion of the executive
budget.

3. The state comptroller shall annually audit the amounts paid
pursuant to this section and shall make a report as soon as practicable
thereon to the governor, the temporary president of the senate, the
speaker of the assembly and the mayor of the city of New York.