In this paper we investigate the structure of algebraic cobordism of Levine-Morel as a module over the Lazard ring with the action of Landweber-Novikov and symmetric operations on it. We show that the associated graded groups of algebraic cobordism with respect to the topological filtration are unions of finitely presented -modules of very specific structure. Namely, these submodules possess a filtration such that the corresponding factors are either free or isomorphic to cyclic modules where . As a corollary we prove the Syzygies Conjecture of Vishik on the existence of certain free -resolutions of , and show that algebraic cobordism of a smooth surface can be described in terms of together with a topological filtration.

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