The latest news on this front comes from Gotham Gazette by Ethan Geringer-Sameth:

As New Yorkers geared up for the holiday weekend last week, state government leaders announced appointments to a new commission with the lofty task of establishing a statewide public campaign financing system.

The body is seen by many as an opportunity to reduce the influence of wealthy donors on state politics by creating a small-dollar matching program that would amplify the impact of contributions made by average residents, in the vein of what exists in New York City.

Established during budget negotiations earlier this year, the Public Campaign Finance Commission is mandated to create a voluntary system for statewide and state legislative candidates to receive public matching funds in exchange for meeting certain fundraising and spending criteria.

See full story here.