2006 New York Code - Moneys Of The Authority.

 
    §  2049-kk.  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 interest bearing accounts 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, the
  state  or  of  the  counties 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
  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.