Treasury

Major functions

Treasury consists of the following bureaus and units and their roles:

Bureau of Cash Management and Investments

Cash Management and Investments unit: 

• Manages a $6 billion fixed-income portfolio consistent with statute and Treasury/agency investment guidelines, while also managing liquidity to fund daily disbursements.
• Ensures deposits are fully collateralized.
• Processes disbursement requests for sole custody accounts, auditing the payment files prior to release.
• Collaborates with the Office of the State Comptroller on a daily basis to release electronic payments from the state’s general checking account to fund payroll, vendor payments, the State Supplemental Program (SSP), debt service, and the State Short Term Investment Pool (STIP).

Bureau of Financial Operations Control and Analysis

Accounting unit:

• Manages all receipts into the state’s general checking account by depositing checks and monitoring incoming electronic payments.
• Manages the receipts, disbursements, and fraud protection for sole custody accounts of certain state agencies and public authorities. 
• Conducts a daily reconciliation of the general checking account and a daily and monthly reconciliation of Department of Labor unemployment funds.

Depository Control unit:

• Responsible for stopping and reissuing checks issued from the general checking account, which includes vendor, payroll and SSP checks. 
  
  

Reconciliation unit:

• Reconciles Treasury-managed sole custody accounts each month, documenting and resolving any discrepancies discovered during this process.
• Monitors the fraud protections for the general checking account.
• Enters for agency review general checking checks which have been returned as undeliverable by the post office.
• Fulfills orders for stock transfer stamps.

Refund & Reissuance unit:

• Releases check and direct deposit payments for PIT refunds and Office of Real Property Tax Services (ORPTS) credit programs.
• Manages and processes the reissuance of replacement checks and direct deposits for PIT and ORPTS.
• Processes and submits fraudulent PIT and ORPTS check cases to the bank for investigation.
• Fulfills orders for cigarette tax stamps purchased by cigarette tax agents. 

Warrant Control and Disbursement unit:

• Disburses all general checking check payments including state payroll, vendor and SSP checks.
• Prints and disburses sole custody checks.
• Releases cigarette tax stamps to agents.  

Secure Choice Program

• The New York State Secure Choice Savings Program (SCSP) is a retirement savings program for private-sector employees who are not offered a retirement plan through their workplace.
• For more information, visit New York Secure Choice Savings Program Board.

Additional information

• If you need tax forms, visit Forms and Instructions
• Visit the National Association of State Treasurers
• To determine if New York State is holding unclaimed funds on your behalf, visit the NYS Office of the State Comptroller
• Learn about the New York State College Savings Program.

Contact information

Note: The Division of the Treasury cannot assist you with any tax-related questions including return status, payments, or balance due. See Contact us for tax-related inquiries.

Do not email the Division of the Treasury regarding the status of your return or payment; we are unable to respond or to forward your inquiry.  

By email: Treasury.Inquiry@tax.ny.gov

By mail:

NYS DEPARTMENT OF TAXATION AND FINANCE
DIVISION OF THE TREASURY
P.O. BOX 22119
ALBANY NY 12201-2119

By private delivery:

NYS DEPARTMENT OF TAXATION AND FINANCE
DIVISION OF THE TREASURY
110 STATE STREET, FLOOR 2
ALBANY NY 12207