§ 5516-f. Further transfer of moneys of the association. (a)
Notwithstanding any other provision of law, the association and all
officers and directors with responsibility for custody or investment of
the association's assets are authorized and directed to further transfer
and deposit two hundred fifty million dollars to the miscellaneous
special revenue fund on or before September thirtieth, nineteen hundred
ninety-nine.

(b) Notwithstanding any other provision of law, the association and
all officers and directors with responsibility for custody or investment
of the association's assets are authorized and directed to further
transfer and deposit all revenues generated pursuant to the
association's dissolution pursuant to paragraph two of subsection (c) of
section five thousand five hundred two of this article to the
miscellaneous special revenue fund on or before December thirtieth, two
thousand.

(c) Notwithstanding any other provision of law, no director, officer
or employee of the association, nor the association, nor any public
officer or employee, nor any actuary, attorney, or advisor to the
association or to the superintendent shall incur or suffer any liability
whatsoever to any person by reason of actions taken pursuant to
authorizations or directions of the provisions of subsections (a) or (b)
of this section pursuant to which any of the moneys of the association
are transferred to the miscellaneous special revenue fund. Any action
which could have been brought against any of the persons or parties or
entities noted herein, but for the provisions of this section, shall be
brought against the state.