Section 517 of the Retirement and Social Security Law, as added by section 9 of Chapter 890 of the Laws of 1976, directs and authorizes the State Comptroller to promulgate regulations necessary with respect to deductions of contributions from the wages of members who participate in the CO-ESC retirement plan, provided for by article 14 of the law, and maintenance of any special fund(s) with respect to amounts contributed.

Section 517 further authorizes the State Comptroller to promulgate regulations regarding the withdrawal and refund of CO-ESC contributions in the event of termination of public employment and Retirement System membership of such members who are not vested or entitled to any other benefit under article 14 of the Retirement and Social Security Law.