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NY Special funds, New York worker's compensation. Special Funds Conservation Committee was organized in 1938 for the purpose of conserving assets of the special funds, created under Subdivision 8 of Sections 15 and 25-a of the WCL of the State of New York. Special Funds, through its attorney, investigates claims against such funds and cooperates with the Chairman and members of the New York Workers' Compensation Board, the Superintendent of Insurance and any other public official whose duties concern the operation of these funds.