Relates to the establishment of the small business child & dependent care savings program

This bill creates a new savings program specifically for employees of small businesses in New York state to help them save money for child and dependent care. It affects employers with one to one hundred employees who have been in business for at least two years and do not currently offer a child and dependent care savings plan. The program allows employees to contribute a portion of their wages through payroll deductions, with contributions managed by the state's comptroller and labor commissioner. Employers would establish payroll systems to collect these contributions, and employees could choose their contribution amounts or opt out of the program. The bill also outlines rules for enrollment periods, contribution limits, and how employees can withdraw their savings under certain circumstances.