2006 New York Code - Moneys Of The Agency.

 
    §  2047-k*.  Moneys  of  the  agency.  All  moneys  of the agency from
  whatever source derived shall be paid to the treasurer of the agency and
  shall be deposited forthwith in a bank or banks in the state  designated
  by  the governing body. The moneys in such accounts shall be paid out on
  check of the treasurer upon requisition by the governing body or of such
  other person or persons as the governing body 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 county or any
  municipality  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 agency 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 agency or any moneys held in trust  or  otherwise  for
  the  payment  of  bonds  or  in  any  way  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 agency and all banks and trust companies are authorized to give such
  security  for  such  deposits. Any moneys of the agency not required for
  immediate use or disbursement may, at the discretion of the  agency,  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 agency shall prescribe a system of accounts.