Section 169. Reimbursement by participating employers for payments to certain state retired employees

1. Each participating employer of  the
  New  York  state employees' retirement system, as defined in subdivision
  twenty of section two of this chapter, shall contribute to the  cost  of
  providing supplemental pension payments to those state retired employees
  who  retire from service with such participating employers in the manner
  provided in this section.
    2. As soon as practicable after the close of each fiscal year  of  the
  state, the comptroller shall determine the pro rata share of the cost of
  providing  such supplemental pension payments during such fiscal year to
  be contributed by each such participating employer.  Such pro rata share
  shall be determined on the basis of the ratio  which  the  total  annual
  compensation paid to members of the New York state employees' retirement
  system by each such participating employer as of the close of the fiscal
  year  preceding  such  fiscal  year, bears to the total amount of annual
  compensation paid to members of such system by  all  such  participating
  employers as of such date.
    3.  The  comptroller  thereupon  shall submit to the fiscal officer of
  each such participating  employer  a  statement  of  the  amount  to  be
  contributed  by  it  pursuant  to  this  section.  Payment of the amount
  specified in the  comptroller's  statement  shall  be  made  by  such  a
  participating  employer within sixty days after the receipt thereof.  If
  payment of the full amount of such obligation is not made  within  sixty
  days  after  the receipt of such statement, interest at the rate of four
  per centum per annum shall commence to run against  the  unpaid  balance
  thereof  on  the  first  day after such sixtieth day. While any such sum
  shall remain due and unpaid the comptroller  may  refuse  to  audit  any
  claim for funds due to such participating employer from the state.
    4.  All  amounts  received  by the comptroller from such participating
  employers pursuant to this section shall be deposited in and credited to
  the supplemental pension fund.