ALBANY — Embattled New York City Off-Track Betting Corp. Chairman Meyer (Sandy) Frucher has resigned under pressure from Gov. Paterson, The Post has learned.

Paterson’s secretary, Larry Schwartz, has been named interim chairman.

The Post reported last month that Frucher, who was named by Paterson to head the bankrupt bookmaker almost a year ago to the day, had lost the governor’s confidence amid ongoing efforts to save the state’s ailing thoroughbred racing industry.

“Sandy has no credibility left in Albany. He doesn’t know when to compromise, and he’s lied repeatedly to the officials he has to deal with,” a source close to the Governor’s Office said.

The source also said Frucher’s policies at OTB risked “destroying New York’s racing industry,” a charge already made by associations of thoroughbred owners and breeders.

Attempts to reach Frucher, who submitted his resignation Friday, were unsuccessful.