§ 1186. Deposit and disposition of revenue. The taxes, interest, and
penalties imposed by this article and collected or received by the
commissioner shall be deposited daily with such responsible banks,
banking houses or trust companies, as may be designated by the
comptroller, to the credit of the comptroller in trust for the tobacco
control and insurance initiatives pool established by section
ninety-two-dd of the state finance law and distributed by the
commissioner of health in accordance with section twenty-eight hundred
seven-v of the public health law. Such deposits will be kept separate
and apart from all other money in the possession of the comptroller. The
comptroller shall require adequate security from all such depositories.
Of the total revenue collected or received under this article, the
comptroller shall retain such amount as the commissioner may determine
to be necessary for refunds under this article. Provided, however that
the commissioner is authorized and directed to deduct from the amounts
he or she receives from the registration fees under section eleven
hundred eighty-three of this article, before deposit into the tobacco
control and insurance initiatives pool, a reasonable amount necessary to
effectuate refunds of appropriations of the department to reimburse the
department for the costs incurred to administer, collect and distribute
the taxes imposed by this article.