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David Smith, former president of the State University of New York Upstate Medical University, has agreed to pay $100,000 and to retire from the university by October 1, The Albany Times Union reported. He is paying the funds to settle complaints that he took consulting payments from businesses that had contracts with SUNY Upstate without authorization and in violation of SUNY rules. His various business ties came to light as Pennsylvania State University was apparently on the verge of naming him as the institution's next president.