Section 1569-O. Audit and annual reports

1.  In  conformity  with the
  provisions of section five of  article  ten  of  the  constitution,  the
  accounts  of  the  authority  shall be subject to the supervision of the
  state  comptroller  and  an  annual  audit  shall  be  performed  by  an
  independent  certified  public  accountant. The authority shall annually
  submit to the county legislature, governor and the state comptroller and
  to the chairperson of the senate finance committee and  the  chairperson
  of  the  assembly ways and means committee a detailed report pursuant to
  the provisions of section twenty-eight hundred of this  chapter,  and  a
  copy  of  such  report  shall  be  filed  with  the  clerk of the county
  legislature.
    2. The Authority  shall  render  a  complete  annual  account  of  its
  proceedings  to  the city common council at its first meeting in January
  of each and every year.