The State University of New York (University) use agency accounts to receive, hold and disburse funds on behalf of students, faculty, staff members or appropriately recognized organizations. Agency accounts exist because there is a relationship between the University and the activity from which the funds are derived. These non-state agency accounts are funded from activities such as conferences, child-care centers, student activity fees, orientation fees and a number of other activities. Agency accounts are not to be used to receive, hold or disburse state funds.
The University at Buffalo recognizes the State University of New York (SUNY) policy as the authoritative source for this subject.