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The fund is authorized and empowered to disburse annually as purses, prizes or premiums the moneys contained in the account designated in paragraph d of subdivision one of section three hundred thirty-two of this article, to owners of the winners, second, third, fourth and fifth place horses of all harness horse stake and overnight races conducted at the New York state exposition, or at any licensed pari-mutuel track in New York state, with a preference given to any available licensed pari-mutuel track that is five-eighths of a mile long or larger, for New York-bred colts, fillies and horses, as such New York-bred colts, fillies and horses comply with conditions for stake and overnight events set forth in section three hundred thirty-four of this article.