2006 New York Code - Procedure For Investment Of Sinking Fund Moneys.

 
    §   5-205  Procedure  for  investment  of  sinking  fund  moneys.  All
  obligations which shall be purchased by the comptroller with respect  to
  the  several  sinking funds of the city established prior to July first,
  nineteen hundred eighty-one shall be transferred to the comptroller, and
  all transfers thereof shall be made by the comptroller.  Obligations  of
  the  city  which  shall  be  purchased  by  the comptroller shall not be
  cancelled by the comptroller until the final redemption of the same, and
  all  interest  accruing  therefrom  shall  regularly  be  paid  to   the
  appropriate sinking funds.