To crack down on pay-to-play practices involving public funds, New York State is restricting its pension fund from doing business for a time with anyone who makes a campaign contribution to the comptroller's office.

The new rule, an executive order by Comptroller Thomas DiNapoli, will prohibit any company that makes a contribution to the comptroller, or a candidate for that office, from seeking business from the $116.5 billion fund for two years. Unlike most states, where boards oversee pension fund investments, the New York comptroller is the fund's sole trustee.

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