The commissioner shall designate a fiscal agent who shall establish and maintain a separate fund known as the "equalization fund" into which the fiscal agent shall deposit all payments made by dealers pursuant to section 22.64 of this Part and out of which, at the direction of a person duly authorized by the commissioner, such fiscal agent shall make all payments pursuant to section 22.65 of this Part.
N.Y. Comp. Codes R. & Regs. Tit. 1 § 22.63