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New York City Administrative Code Section 3-220 - Retention Of Records.

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    § 3-220. Retention of records.--Every person to whom this subchapter is
  applicable  shall  keep  for  at  least  five years a detailed and exact
  account of:
    (1) all compensation of any amount or value whatsoever;
    (2) the name and address of every person paying or  promising  to  pay
  compensation of fifty dollars or more and the date thereof;
    (3) all expenditures made by or on behalf of the client; and
    (4)  the  name  and  address  of  every  person  to  whom  any item of
  expenditure exceeding fifty  dollars  is  made,  the  date  thereof  and
  receipted bill for said expenditure.

Last modified: August 13, 2006