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:
- Serving as sole trustee of the $254.8 billion New York State Common Retirement Fund (estimated value as of March 31, 2021), one of the largest institutional investors in the world.
- 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.
- Maintaining the State's accounting system and administering the State’s approximately $16.7 billion payroll.
- Reporting on State finances.
- Managing and issuing State debt.
- Reviewing State contracts and auditing payments.
- 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.
- Serving as custodian of more than $17 billion in unclaimed funds, restoring lost accounts 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 2,700 people. We also maintain New York City offices and eight regional offices. See Division of Diversity Management to learn about the Comptroller’s commitment to providing a leadership model for addressing diversity issues in the public sector.