The city’s public pension funds are stepping up the pressure on Oracle CEO Larry Ellison. New York City Comptroller John Liu is part of the drive by activist shareholders to rein in Ellison’s pay package and unseat directors who oversee executive compensation. Ellison, the billionaire co-founder of the business software maker, made $78.4 million in the fiscal year ended May even as performance lagged. “The city’s pension funds are among the many share owners that have repeatedly sought to rein in Oracle’s persistently outrageous CEO pay and to hold accountable those directors most responsible,” Liu told The Post. “Faced with an unresponsive board, we have no choice but to once again vote against pay, against the three directors on the board’s compensation committee, and for our shareowner proposal to require the board to adopt and disclose multiple performance metrics for incentive compensation.” The city’s pensions own 10.3 million shares of Oracle, worth $330 million. Although shareholders rejected the company’s pay practices in a non-binding “say-on-pay” vote last year, Oracle blew off their concerns. This year, shareholders are hoping to increase the heat on Oracle despite Ellison’s 34 percent stake in the company. The organization Change To Win, which labor unions pay to represent their causes, is leading the charge against the tech company ahead of its Oct. 31 shareholder meeting.