2006 New York Code - Moneys Of The Authority.

 
    * §  1132.  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
  designated by the board. The moneys in such accounts shall be  paid  out
  on check of the treasurer upon requisition by the board or of such other
  person  or persons as the board may authorize to make such requisitions.
  All deposits of such moneys shall  be  secured  by  obligations  of  the
  United  States or of the state or of the town of a market value equal at
  all times to the amount on deposit and all banks and trust companies are
  authorized to give such security for such deposits. The authority  shall
  have  power, notwithstanding the provisions of this section, to contract
  with the holders of any 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. Any  moneys  of  the
  authority  not  required  for  immediate use or disbursement may, at the
  discretion of the authority, be invested in those obligations  specified
  pursuant  to  the  provisions  of  section  ninety-eight-a  of the state
  finance law. Subject to the provisions of any contract with  bondholders
  and  with the approval of the comptroller, the authority shall prescribe
  a system of accounts.
    * NB There are 2 § 1132's