The New York Racing Association, which says it may need more taxpayer money to ensure the
Belmont Stakes goes off as planned, said Wednesday it will open its books to the scrutiny of state auditors.
The nonprofit corporation, which oversees racing at Aqueduct, Belmont and Saratoga, said last month that New York Comptroller Thomas DiNapoli lacked authority to audit it. But on Wednesday, it said it would comply with DiNapoli's subpoenas for its financial records.
Following legislation enacted in 2008, the New York Racing Association was reorganized as a not-for-profit corporation and awarded a new 25-year franchise to operate the state's thoroughbred racetracks.
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