The comptroller shall account for the money in any fund heretofore or hereafter established by law in such manner as he shall determine and for such purpose may in conformance with sections seventy-one and seventy-five of this article, account for any such fund as a separate fund or as an account in another fund, as he deems necessary to comply with legal requirements and generally accepted accounting principles. Nothing herein shall be deemed to affect the legal existence of any such fund.
New York Legal Code