N.Y. Coop. Corp. Law § 75
Immediately after the close of each fiscal year, every cooperative corporation shall cause an audit to be made of its operations for such fiscal year. A written report of the audit, including a statement of services rendered by the corporation, with total amount of business transacted, balance sheet, income and expenses shall be submitted to the annual meeting of the corporation and shall at all times be available for inspection by any member. Such audit shall be made by an experienced bookkeeper or accountant or firm of accountants not regularly employed by the corporation, provided that in the case of a cooperative corporation, the annual business of which amounts to less than one hundred thousand dollars, the audit may be made by an auditing committee of three members or stockholders of the corporation who shall not be directors, officers, or employees thereof. Any person violating or failing to comply with the provisions of this section shall be deemed guilty of a misdemeanor.
N.Y. Coop. Corp. Law § 75