The state university trustees shall regulate tuition fees and other fees and charges to be paid by students after prior consultation with the board of trustees of the college. All moneys received for tuition from students, those derived from the sale of the products of property belonging to the state administered by the college, and from fees and charges or any other sources in the course of the administration of the college, notwithstanding the provisions of section one hundred twenty-one of the state finance law, shall be credited to a separate fund and shall be expended as provided by subdivision four of section three hundred fifty-five of this chapter.
New York Legal Code