Madison County Industrial Development Agency v. State of New York Authorities Budget Office

State of New York OPINION Court of Appeals This opinion is uncorrected and subject to revision before publication in the New York Reports. No. 14 In the Matter of Madison County Industrial Development Agency et al., Appellants, v. State of New York Authorities Budget Office et al., Respondents. Charles W. Malcomb, for appellants. Robert M. Goldfarb, for respondents. DiFIORE, Chief Judge: Under the Public Authorities Accountability Act (PAAA), every “local authority,” as that term is defined in Public Authorities Law § 2 (2), is obligated to file certain annual, budget and independent audit…