Section 31-C. Receipts and disbursements

The department shall receive all
  moneys payable to the state  on  account  of  said  fair  and  make  all
  disbursements  therefrom  and  also from any appropriation made for that
  purpose by the legislature as may be  needed,  from  time  to  time,  in
  carrying  on  the  work of the department. The provisions of section one
  hundred twenty-one  of  the  state  finance  law  requiring  that  money
  received  for  or  on behalf of the state shall be paid monthly into the
  state treasury shall not apply to the proceeds of the  state  fair,  and
  the  department  may  pay  from  the  race  and  other  entry fees, gate
  admissions and other receipts of such fair such  expenses  as  shall  be
  necessary  for  the  proper  conduct  of the New York state fair and the
  purposes of the department.  Any balance remaining in its hands received
  in connection with the state fair shall be retained by the department of
  agriculture  and  markets  as  a  special  fund   for   such   permanent
  constructions  on  the state fair grounds or for administration expenses
  as shall be approved by the director of the budget, the chairman of  the
  finance  committee  of the senate and the chairman of the ways and means
  committee of the assembly.