2006 New York Code - Moneys Of The Authority.

 
    §  1097.  Moneys  of  the  authority. All moneys of the authority from
  whatever source derived shall be paid to the treasurer of the  authority
  and  shall be deposited forthwith in a bank or banks in the state of New
  York designated by the authority. The moneys in such accounts  shall  be
  paid out on check of the treasurer on requisition by the authority or of
  such other person or persons as the authority may authorize to make such
  requisitions.  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 or of the county of a market value
  equal at all times to the amount of deposit  and  all  banks  and  trust
  companies  are  authorized  to give such security for such deposits. The
  comptroller and his legally authorized representatives, and the director
  of finance of  the  county  of  Monroe,  if  he  so  elect,  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.  The  authority  shall  have  power,
  notwithstanding  the  provisions  of  this section, to contract with the
  holders of any of its bonds as to  the  custody,  collection,  security,
  investment  and  payment  of  any moneys of the authority, or any moneys
  held in trust or otherwise for the payment of bonds or  in  any  way  to
  secure  bonds,  and  to carry out any such contract notwithstanding that
  such contract may be inconsistent with the provisions of  this  section.
  Moneys held in trust or otherwise for the payment of bonds or in any way
  to  secure  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.