Section 88-B. Coverage of employees in state-supported educational institutions

Compensations payable under this chapter to  employees  of
  state colleges, schools and experiment stations, administered by Cornell
  university, Syracuse university and Alfred university shall be paid from
  the  state  insurance fund, and all payments to the state insurance fund
  for  insurance  premiums  on  account  of  such  employees  including  a
  proportionate share of the administrative expense of the state insurance
  fund  on  account  thereof  shall be paid out of the general fund of the
  state treasury from  moneys  deposited  to  the  credit  of  the  public
  services fund therein.
    The  payroll  records of the employees so covered shall be established
  and segregated with the approval of the director of the budget.