Section 470. Reports to and audit by comptroller

Each contracting public
  agency shall render to  the  comptroller  such  reports  concerning  the
  transactions,  operations  and  activities  entered  into,  performed or
  conducted under an interlocal agreement at such time, in such  form  and
  manner,  and  containing  such information as shall be prescribed by the
  comptroller. The  comptroller  shall  have  the  power  to  examine  and
  investigate  the  accounts  and records of all officers and employees of
  the  contracting  public  agencies  who  may  be  concerned  with   such
  transactions,  operations  and  activities.  For  the  purpose  of  such
  examination and investigation, the comptroller shall have the  power  to
  compel  the appearance and attendance of any persons whose testimony may
  be required, to administer oaths, to take testimony, to issue subpoenas,
  and to compel the production of books and papers, in the manner provided
  by sections thirty-three and thirty-four of the  general  municipal  law
  and  section nine of the state finance law of this state. No such person
  may be compelled to appear and be examined  elsewhere  than  within  the
  area  under  the  jurisdiction of the contracting public agency which he
  serves or with which he has any transactions under  investigation.  Each
  interlocal  agreement  shall expressly provide for the compliance by the
  officers and employees  of  each  contracting  public  agency  with  the
  directions  of  the  comptroller  regarding  the  making of reports; and
  expressly provide for the submission of such officers and  employees  to
  examinations   by  and  investigations  of  the  comptroller  as  herein
  provided.