1. The deferred compensation board is hereby established, to consist of one member appointed by the governor, one member appointed by the temporary president of the senate and one member appointed by the speaker of the assembly. The board shall adopt rules and regulations regarding the standards and requirements of all deferred compensation plans established pursuant to this section, including selection of financial organizations for investment purposes. 2. a. Notwithstanding any other provision
This Subtitle applies to every deferred compensation plan established by the board or any local employer pursuant to section 5 of the State Finance Law. N.Y. Comp. Codes R. & Regs. Tit. 9 § 9000.1