New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle II - Deferred Compensation Board
Part 9003 - Selection Of And Agreements With Trustees, Independent Consultants, Administrative Service Agencies, Financial Organizations And Certified Public Accountants
Section 9003.4 - Provision of diverse investments

The board and each deferred compensation committee shall appoint, with respect to the plan under their control, in accordance with the requirements of this Subtitle, one or more financial organizations such that amounts held under the plan may be at all times invested in one or more of a broad range of investment alternatives, including without limitation a diverse selection of fixed income and equity investments.