incurred by the retirement system hereby created in the event of such merger. The actuary so employed shall be an actuary also approved by the employer in whose district the local district pension system is operated, and the expense of the valuation shall be paid by such employer.

(2) The actuary shall compute the present value of the total liabilities to be assumed by the retirement system on account of teachers in service in the local district pension system and on account of pensioners on the rolls of such local district pension system. He shall also compute the present value of the prospective amount to be received by reason of the payment of the normal contributions by the employer as provided under paragraph (b) of subdivision two of section eleven hundred and nine-g of this article, on behalf of the active teachers of such local system in the event of the contemplated merger. From the present value of such total liability, the actuary shall deduct the present value of the normal contributions. From the amount remaining, the actuary shall deduct the present value of all moneys and securities of such system, and the remainder, if any, shall be known as the "accrued liability."

(3) The actuary shall then determine the amount of a local deficiency contribution which, payable annually without regard to the payroll of contributors and increasing by three per centum of itself each year, until the year in which the deficiency contribution as provided under paragraph (c) of subdivision two of section eleven hundred and nine-g of this article, payable by other employers who had no local district pension system, may be expected to be discontinued, shall have a present value equal to this accrued liability.

(4) The increasing contributions as determined by the actuary shall be paid by such employer on account of the contributors in his service instead of the deficiency contribution computed as otherwise provided in this article, anything to the contrary therein notwithstanding. Such employer shall contribute by means of a deduction from the school moneys apportioned to him, the amount of this deficiency contribution together with the amount of the normal contribution on account of the contributors in his employ and the amount of his proportionate share of the contribution required for the expense fund until the deficiency contribution on account of all employers shall cease to be payable. Thereafter,

11

his contribution shall be made on the same basis as are contributions of all other employers.

(5) In the event of merger, the moneys and securities to the credit of the local district pension system not exceeding an aggregate amount equal to the total liability to be assumed by the retirement system on account of such local district pension system in excess of the normal contributions, shall be transferred to the pension accumulation fund and the pensions then payable by the local district pension system shall thereafter be paid from the pension accumulation fund. The pensions of the active members of the local district pension system and of the new entrants shall thereafter be payable as are the pensions of other members of the retirement system. The amount of the excess, if any, of the moneys and securities of the local district pension system over and above such total liabilities in excess of the normal contributions shall be transferred to the teachers' annuity savings fund and shall be credited pro rata to the active teachers of such local district pension system on the basis of the amounts of their previous contributions to the local district pension system, provided, however, that in case such method of distribution shall not be found practicable by the retirement board, the board may use such other method of apportionment as may seem fair and equitable to the board. The amount so credited in any case shall be considered as a part of the teachers' accumulated contributions.

§ 1109-m Transfer of contributions between retirement systems. (1) Any contributor, withdrawing from the retirement system and at such time giving notice to the retirement board of his intention of becoming within one year a member of another teachers' retirement system which is being operated on an actuarial basis either under the laws of this state or under the laws of another state, provided in the latter case the system has a provision similar to this provision permitting reciprocal transfer, may, upon depositing within one year his accumulated contributions in such other retirement system, apply to the retirement board for a transfer from the pension accumulation fund to the corresponding fund of such other retirement system of the amount of his pension reserve as of the time when he withdrew his contributions from the annuity savings fund, and the retirement board shall transfer to such other retirement system the amount of such reserve, provided credit for a pension benefit of equivalent actuarial value to the amount of reserve transferred shall be given the teacher in the other retirement system and that

the retirement board is satisfied that the retirement system to which said transfer is made is on a solvent basis.

(2) Any contributor entering the retirement system after having withdrawn from another retirement system and having given notice at the time of withdrawal to the retirement board of such system of his intention of becoming within one year a member of the retirement system may deposit in the annuity savings fund the amount of his accumulated contributions withdrawn from such other retirement system. Within one year of such deposit, the pension reserve to his credit in such other retirement system, if such other retirement system is operated upon an actuarial basis under the laws of this state, shall be transferred, and if such other system is operated upon an actuarial basis under the laws of another state, may be transferred to the pension accumulation fund. Notwithstanding anything to the contrary, in this article, such contributor shall be classified in this retirement system as a present teacher or as a new entrant accordingly as he would have been classified had the service rendered in the other retirement system been rendered while a member of this retirement system, and he shall be given a prior service certificate showing a period of service such that the liability incurred by the retirement system on his account by reason of prior service shall be equal in amount to the amount of the reserve so transferred, provided that in no case shall such a contributor who is classified as a new entrant be given less credit in his prior service certificate than he would have received had no reserve been transferred on his account.

§ 1109-n State supervision. The operation of the retirement system shall be subject to the supervision of the state department of insurance.

§ 1109-0 Exemption from taxation. The right of a teacher to a pension, an annuity, or a retirement allowance, to the return of contributions, any benefit or right accrued or accruing to any person under the provisions of this article, and the moneys in the various funds created hereunder, are hereby exempt from any state or municipal tax, and shall not be subject to execution, garnishment, attachment or any other process whatsoever, and shall be unassignable except as in this article specifically provided. § 1109-p Protection against fraud. Any person who shall knowingly make any false statement, or shall falsify or permit to be falsified any record or records of this retirement system in any attempt to defraud such system as a result of such

4

act, shall be guilty of a misdemeanor, and shall be punishable therefor under the laws of the state of New York. Should any change or error in records result in any employee or beneficiary receiving from the retirement system more or less than he would have been entitled to receive had the records been correct, then, on the discovery of any such error, the retirement board shall correct such error, and, as far as practicable, shall adjust the payments in such a manner that the actuarial equivalent of the benefit to which he was correctly entitled shall be paid.

1121 Closing of museum; admission fee during certain hours
1122 Taxes

1129

Detention

Transfer of libraries

1130 Local neglect

1131 Loans of books from State

1132 Advice and instruction from State Library officers

1133 Apportionment of public library moneys

11.5 Use and care of school library

1135-a Librarians of school libraries

1136 Existing rules continued in force

1137 Authority to raise and receive money for school library

1138 Authority to transfer school library property to free public

library

1139 Transfer of property not in charge of librarian

1140

Provision for change to free public library

1141 Penalty for disobedience to library law, rules or orders

All books,

§ 1110 State Library, how constituted. pamphlets, manuscripts, records, archives and maps, and all other property appropriate to a general library, if owned by the State and not placed in other custody by law, shall be in charge of the Regents and constitute the State Library.

§ 1111 State medical library. The state medical library shall be a part of the New York State Library under the same government and regulations and shall be open for consultation to every citizen of the State at all hours when the State Library is open and shall be available for borrowing books to every accredited physician residing in the State of New York, who shall conform to the rules made by the Regents for insuring proper protection and the largest usefulness to the people of the said medical library.

Manu

§ 1112 Manuscript and records "on file." script or printed papers of the Legislature, usually termed "on file," and which shall have been on file more than five years in custody of the Senate and Assembly clerks, and all public records of the State not placed in other custody by a specific law shall be part of the State Library and shall be kept in rooms assigned and suitably arranged for that purpose by the trustees of public buildings. The Regents shall cause such papers and records to be so classified and arranged that they can be easily found. No paper or record shall be removed from such files except on a resolution of the Senate and Assembly withdrawing them for a temporary purpose, and in case of such removal a description of the paper or record and the name of the person removing the same shall be entered in a book provided for that purpose, with the date of its delivery and return.

§ 1113 State Library, when open; use of books. The State Library shall be kept open not less than eight hours every week day in the year except the legal holidays known as Independence day, Thanksgiving day and Christmas day, and members of the Legislature, judges of the Court of Appeals, justices of the Supreme Court, and heads of state departments may borrow from the Library books for use in Albany, but shall be subject to such restrictions and penalties as may be prescribed by the regents for the safety or greater usefulness of the Library. Others shall be entitled to use or borrow books from the Library only on such conditions as the Regents shall prescribe.

§ 1114 Duplicate department. The Regents shall have charge of the preparation, publication and distribution,