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About the Comptroller's Office

 

The New York State Comptroller is the State’s chief fiscal officer who ensures that State and local governments use taxpayer money effectively and efficiently to promote the common good.

The Comptroller’s responsibilities include:

  • Administering the New York State and Local Retirement System for public employees, with more than one million members, retirees and beneficiaries and more than 3,000 employers.
  • Acting as sole trustee of the $176.8 billion Common Retirement Fund (As of March 31, 2014), one of the largest institutional investors in the world.
  • Maintaining the State's accounting system and administering the State’s approximately $15 billion payroll.
  • Issuing reports on State finances.
  • Managing the State's assets and issuing debt.
  • Reviewing State contracts and payments before they are issued.
  • Conducting audits of State agencies and public benefit corporations.
  • Overseeing the fiscal affairs of local governments, including New York City.
  • Overseeing the Justice Court Fund and the Oil Spill Fund.
  • Acting as custodian of more than $12 billion in abandoned property and restoring unclaimed funds to their rightful owners.
  • Conducting training and providing technical assistance to improve government operations at all levels.

Headquartered in Albany, the Office of the State Comptroller employs more than 2,600 people. We also maintain New York City offices and eight regional offices.