EXHIBIT 23.2
 
                      CONSENT OF SERCHUK & ZELERMYER, LLP
 
The Board of Trustees
Cortland Savings Bank
 
Re:  The Registration Statement on Form S-1 and Application for Conversion of
Form 86-AC in connection with the conversion of Cortland Savings Bank from the
mutual to the stock form of ownership.
 
    We hereby consent to the reference to our firm under the headings "Risk
Factors--Dilution, Additional Costs and Other Consequences of the
Foundation--Tax Considerations", "The Conversion-- Effects of Conversion on
Depositors and Borrowers--Tax Effects", "--Establishment of the Foundation-- Tax
Considerations", "Experts" and "Legal and Tax Opinions" in the prospectus which
is part of the (i) Registration Statement on Form S-1 of CNY Financial
Corporation and any amendments thereto, filed with the Securities and Exchange
Commission and (ii) the Application for Conversion on Form 86-AC of Cordland
Savings Bank filed with the New York State Banking Department and any amendments
thereto.
 
                                          Very truly yours,
                                          /s/ Serchuk & Zelermyer, LLP
                                          Serchuk & Zelermeyer, LLP
 
White Plains, New York
August 3, 1998