Former Obama administration auto industry czar Steven Rattner has agreed to pay $10 million to resolve two lawsuits by New York's attorney general related to alleged kickbacks involving the state's pension fund.

Rattner also agreed to be banned from appearing in any capacity before any public pension fund in New York for five years.

Andrew Cuomo, the state's attorney general, announced the settlement, which ends his office's two lawsuits against Rattner. Cuomo will become New York's governor on January 1.

(Reporting by Jonathan Stempel in New York, editing by Dave Zimmerman)