2006 New York Code - Moneys Of The Agency.

 
    §  2446.  Moneys  of  the  agency.  (1)  Subject to any agreement with
  bondholders or noteholders or except as otherwise authorized or provided
  in this act, all moneys of the agency from whatever source derived shall
  be paid to the comptroller of the agency and shall be  invested  in  any
  investments  approved or authorized in accordance with the provisions of
  section ninety-eight of the  state  finance  law.  The  moneys  in  such
  accounts shall be paid by the comptroller or other agent duly designated
  by  the  agency  on requisition of the chairman of the agency or of such
  other person or persons  as  the  agency  may  authorize  to  make  such
  requisitions.  All  deposits  of  such moneys, shall, if required by the
  agency, be secured by (i) obligations of the United States of America or
  of the state of a market value equal at all times to the amount  of  the
  deposit  and  all  banks and trust companies are authorized to give such
  security for such deposits or (ii) in such other manner  as  the  agency
  may  require.  The  obligations  securing  such deposits shall either be
  deposited with the comptroller of the agency or be held by a trustee  or
  agent  satisfactory  to  the  agency.  The  comptroller  or  his legally
  authorized representatives are authorized and  empowered  from  time  to
  time  to  examine  the  accounts  and books of the agency, including its
  receipts, disbursements, contracts, leases, sinking  funds,  investments
  and any other records and papers relating to its financial standing.
    (2) The agency shall have power to contract with holders of any of its
  bonds or notes, as to the custody, collection, securing, investment, and
  payment  of  any  moneys  of  the agency, of any moneys held in trust or
  otherwise for the payment of bonds or  notes,  and  to  carry  out  such
  contract.  Moneys held in trust or otherwise for the payment of bonds or
  notes or in any way to secure bonds or notes 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.
    (3)  Subject  to  the  provisions  of any contract with bondholders or
  noteholders and to the approval of the  comptroller,  the  agency  shall
  prescribe a system of accounts.
    (4)  The  agency  shall submit to the governor, chairman of the senate
  finance committee, chairman of the assembly ways and means committee and
  the comptroller, within thirty  days  of  the  receipt  thereof  by  the
  agency,  a copy of the report of every external examination of the books
  and accounts of the agency other than copies  of  the  reports  of  such
  examinations made by the comptroller.