Section 172. Long term care insurance

1. The president is hereby authorized
  and  directed  to  establish  a  long term care insurance plan for state
  officers and employees and their dependents and officers  and  employees
  of  the  state colleges of agriculture, home economics, industrial labor
  relations and veterinary medicine, the  state  agricultural  station  at
  Geneva,  and  any  other  institution or agency under the management and
  control of Cornell University as the  representative  of  the  board  of
  trustees  of  the state university of New York, and the state college of
  ceramics under the management and control of Alfred  University  as  the
  representative  of  the board of trustees of the state university of New
  York and their dependents, and for the employees and  retired  employees
  of  public  authorities,  public benefit corporations, school districts,
  special  districts,  district   corporations,   municipal   corporations
  excluding  active  employees  and  retired  employees of cities having a
  population of one million or more inhabitants whose compensation  is  or
  was   before  retirement  paid  out  of  the  city  treasury,  or  other
  appropriate agencies, subdivisions or quasi-public organizations of  the
  state  and  their  dependents  as  defined  by  the  regulations  of the
  president, which, subject to the conditions and limitations contained in
  this article, and in the regulations of the president, will provide  for
  insurance against the financial costs of long term care.
    2.  Participation in the long term care insurance plan shall be at the
  option of the employee and shall be paid for solely by the  employee  in
  accordance with this article.