Fusion hierarchies for N=4 super-Yang-Mills theory

We employ the analytic Bethe Anzats to construct eigenvalues of transfer matrices with finite-dimensional atypical representations in the auxiliary space for the putative long-range spin chain encoding anomalous dimensions of all composite single-trace gauge invariant operators of the maximally supersymmetric Yang-Mills theory. They obey an infinite fusion hierarchy which can be reduced to a finite set of integral relations for a minimal set of transfer matrices. This set is used to derive a finite systems of functional equations for eigenvalues of nested Baxter polynomials.