N.Y. Comp. Codes R. & Regs. tit. 2, § 326.3
A special fund known as the CO-ESC contribution fund is hereby established for the purpose of receiving such member contributions. This fund shall contain all monies received on account of CO-ESC contributions which have been deducted from members' wages. Subsidiary accounts within this fund for individual members shall be established and designated CO-ESC contributions accounts.