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Billions of bottle and can deposits go unclaimed in New York

According to state Comptroller Thomas DiNapoli, the state collected more than $102 million in 5-cent deposits that went unclaimed in 2016.

ALBANY - Those bottles and cans you've been meaning to return can really add up, and the state has the numbers to prove it.

New York collected more than $102 million in 5-cent deposits that went unclaimed during the state's 2016 fiscal year, according to a new audit Wednesday from state Comptroller Thomas DiNapoli.

That amounts to more than 2 billion recyclable containers that went unreturned in a single year.

New York charges a 5 cent deposit on many bottles and cans that hold less than a gallon, including sodas, beers and juices

But each year, millions of dollars worth of deposits go unclaimed.

Under state law, the state keeps 80 percent of those unclaimed deposits and the "deposit initiator" -- in most cases, the bottler or distributer -- keeps the other 20 percent.

Of the state's share, the first $23 million each year goes into the state's Environmental Protection Fund, which funds green projects throughout the state.

In his audit, DiNapoli's office found 39 of the state's 356 active deposit initiators hadn't filed any quarterly returns with the state and eight others missed at least one quarter.

He called on the state Department of Taxation and Finance to step up its monitoring of the program.

"The department needs to do a better job collecting the money that could be used to protect and preserve our state's natural resources, parkland, waterways and beaches," DiNapoli said in a statement.

The Tax Department noted it levied more than $4 million in tax, penalties and interest during the three-year stretch the audit examined.

"The Department will review the red flags identified in this report and will take corrective action as appropriate," Edward Chaszczewski, deputy commissioner for the Office of Processing and Tax Payer Services, wrote to the Comptroller's Office.

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