N.Y. Retirement and Social Security Law 135 – Contributions by the state
§ 135. Contributions by the state. 1. On the certificate of the comptroller, or his designee, and after audit by and upon the warrant of the comptroller, there shall be paid into the contribution fund from time to time from moneys appropriated therefor, contributions with respect to wages of employees of the state covered under the agreement with the federal secretary entered into pursuant to section one hundred thirty-three of this chapter equal to the amount of the tax which would be imposed by section thirty-one hundred eleven of the federal insurance contributions act, if the services covered by such agreement constituted employment within the meaning of that act.
Terms Used In N.Y. Retirement and Social Security Law 135
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
2. There shall be included in the budget estimate of the state agency furnished to the division of the budget an estimate of the amount necessary to be appropriated for the ensuing fiscal year of the state to meet payments to the contribution fund required during such fiscal year pursuant to subdivision one of this section.