DiNapoli warned that the fiscal plan depends on some very shaky numbers and even if all goes well - a very big if according to the comptroller - the state is looking at budget deficits totaling $37 billion over the next three fiscal years.

“After months of budget dysfunction and delay, New York is still on the edge of a very steep financial cliff,” DiNapoli said. “The state budget was passed 125 days late, and now there is danger that risky resources will fall short and create a gap in this year’s budget. Close monitoring of the budget is crucial to make sure the state does not fall off that cliff.

DiNapoli said the budget relies on $16.7 billion in temporary or non-recurring measures, including the added federal Medicaid or FMAP money, that will, once depleted, contribute to larger deficits down the road.

Additionally, DiNapoli warned that that there is an "over-reliance" on about $3.4 billion in revenues may not materialize or come in lower than projected. Included in that figure are $440 million in added cigarette tax collections (including money from cigarettes sold by American indians), $300 million in Medicaid fraud recoveries and $500 million in workforce savings.