§ 3. The state comptroller shall not confirm the amount of any deficit
unless and until the chief executive officer, as such term is defined in
paragraph 5-a of section 2.00 of the local finance law, of the city of
Troy, shall have provided an independently-audited financial statement
for the applicable year for which the associated deficit is being
financed to the state comptroller. The state comptroller shall then
certify the deficit amount and notify such chief executive officer,
chief fiscal officer, the city council, the supervisory board as
established pursuant to section ten of this act, the director of the
budget, the chair of the senate finance committee, and the chair of the
assembly ways and means committee of the certified amount.