GOLDENS BRIDGE - State Sen. Greg Ball (R-40th District) has confirmed he will not seek re-election and believes the Republicans can hold onto his seat.

Ball made the announcement in a YouTube video made public Friday morning. His decision to not run again was rumored for several days and was a hot topic of conversation at the state's Republican Convention earlier this week, which he did not attend.

Ball says he held off on making an announcement until he was sure that the Republicans would be able to maintain his seat.

The decision comes as published reports have circulated that Ball may be under federal investigation for misusing campaign funds. The accusation was also made Thursday by State Assemblyman Steve Katz (R-Mohegan Lake). Ball tells News 12 he knows of no investigation and denied the accusations.

The Republican Ball wants as his successor is Terrence Murphy, a chiropractor and Yorktown councilman who says he is "thrilled" to have Ball's endorsement. Former Assemblyman Robert Castelli has also announced his candidacy. The Democratic candidate for the 40th Senate District will be Justin Wagner, who lost to Ball two years ago.