Relates to a state pre-paid tuition plan

This bill establishes a new New York State Pre-Paid Tuition Plan that allows individuals to make tax-free contributions to an account for the pre-payment of future college tuition. The plan is administered by the state comptroller and managed by a licensed financial organization, with funds guaranteed to cover tuition costs at participating two-year and four-year institutions. Account owners can contribute cash to the plan and designate a beneficiary, with withdrawals permitted only after four years for qualified tuition expenses. The bill defines eligible institutions, outlines the comptroller's administrative duties, and specifies rules for account opening, contributions, and withdrawals.