Relates to a state pre-paid tuition plan

New York's S 2495 establishes a state-run pre-paid tuition plan allowing residents to contribute tax-free funds to an account covering future college tuition at participating schools. Account owners (including parents or guardians) can pre-pay tuition at fixed rates for eligible institutions - such as SUNY, CUNY, or other 529-compliant colleges - ensuring the cost remains locked in regardless of future tuition increases. The plan requires a four-year waiting period before withdrawals for tuition expenses (not room/board), with funds managed by the state comptroller and subject to federal tax rules. It directly affects New York families planning for higher education costs, offering a way to avoid rising tuition rates.