3871 - Audits.

§  3871.  Audits. 1. The accounts of the authority shall be subject to  the audit of the comptroller and the state comptroller. In addition, the  authority shall be subject to an annual financial audit performed by  an  independent  certified  accountant selected by the authority. Such audit  report shall be submitted  to  the  city,  the  presiding  officer,  the  comptroller,  the governor, the state comptroller, the chair and ranking  minority member of the  senate  finance  committee  and  the  chair  and  ranking minority member of the assembly ways and means committee.    2.  For  each  fiscal  year during the existence of the authority, and  within one hundred twenty days after the  close  of  the  city's  fiscal  year,  the  city  shall  submit  its audited financial statements to the  authority.