The fund is further authorized and directed in each year, in cooperation with each town and county agricultural society, qualified therefor under rules and regulations established by the fund, to provide for the running of New York-bred harness horse racing events, as authorized by the fund, and to contribute to the purses, prizes and premiums, such sums as the fund shall deem advisable, to be disbursed from the account designated "county and town agricultural society harness racing events". Said events shall be conditioned to admit only standardbred horses which meet the standards set forth in subdivision one of section three hundred thirty-four of this chapter.
N.Y. Rac. Pari-Mut. Wag. and Breed. Law § 335