168 - Reimbursement for payments to state retired teachers.

§  168. Reimbursement for payments to state retired teachers.  As soon  as practicable after the close of each fiscal year  of  the  state,  the  comptroller  shall  certify to the commissioner of education a statement  of the total amount paid out by him during such  fiscal  year  to  state  retired  teachers  pursuant  to  this  article.  Such  amount  shall  be  apportioned on the same basis and collected in the  same  manner  as  is  provided  for the collection of employers' contributions to the New York  state teachers' retirement system by subdivision  two  of  section  five  hundred  twenty-one  of the education law. Amounts so collected shall be  deposited in and credited to the supplemental pension fund.