The managing partners of two upstate New York law firms said Wednesday they have settled with Attorney General Andrew M. Cuomo in his probe of alleged public pension fund abuses because it makes good business sense.

Girvin & Ferlazzo of Albany agreed to pay $500,000 as part of its settlement, by far the largest payment so far by a firm stemming from Cuomo’s pension fund investigation. The other firm, Hogan, Sarzynski, Lynch, Surowka & DeWind of Johnson City, has agreed to pay $100,000.

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