§ 1475-o. Audit and annual reports. 1. In conformity with the
provisions of section five of article ten of the constitution, the
accounts of the authority shall be subject to the supervision of the
state comptroller and an annual audit shall be performed by an
independent certified public accountant. The authority shall annually
submit to the governor and the state comptroller and to the chairperson
of the senate finance committee and the chairperson of the assembly ways
and means committee a detailed report pursuant to the provisions of
section twenty-eight hundred of this chapter.

2. The authority shall render a complete annual account of its
proceedings to the city common council at its first meeting in January
of each and every year.