2006 New York Code - Deposit And Investment Of Moneys Of The Authority.

 
    §  1010-a.  Deposit  and  investment  of  moneys of the authority. All
  moneys of the authority from whatever source derived shall  be  paid  to
  the  comptroller as agent of the authority, who shall not commingle such
  moneys with any other moneys.  Such  moneys  shall  be  deposited  in  a
  separate  bank account or accounts. The moneys in such accounts shall be
  paid out on check of the comptroller on requisition of the  chairman  of
  the  authority or of such other person as the authority may authorize to
  make such requisition. All deposits of such moneys shall, if required by
  the comptroller or the authority,  be  secured  by  obligations  of  the
  United States or of the state of New York of a market value equal at all
  times to the amount of the deposit and all banks and trust companies are
  authorized  to give such security for such deposits. The comptroller and
  his  legally  authorized  representatives  are  hereby  authorized   and
  empowered  from  time  to  time to examine the accounts and books of the
  authority, including its  receipts,  disbursements,  contracts,  leases,
  sinking  funds,  investments  and  any  other  matters  relating  to its
  financial standing.
    Notwithstanding the provisions of this section,  the  authority  shall
  have power, subject to the approval of the comptroller, to contract with
  the  holders of any of its notes or bonds as to the custody, collection,
  securing, investment and payment of any moneys of the authority, or  any
  moneys  held  in trust or otherwise for the payment of notes or bonds or
  in any way to secure notes or bonds, and to carry out any such contract.
  Moneys held in trust or otherwise for the payment of notes or  bonds  or
  in  any  way to secure notes or bonds and deposits of such moneys may be
  secured in the same manner as moneys of the authority, and all banks and
  trust companies are authorized to give such security for such deposits.
    Moneys of the authority not required for immediate  use  may,  in  the
  discretion   of  the  authority,  be  invested  by  the  comptroller  in
  obligations of the United States government or of the state of New York.
    Subject  to  agreements  with  noteholders  and  bondholders  and  the
  approval  of  the comptroller, the authority shall prescribe a system of
  accounts.