2006 New York Code - Monies Of The Authority.

 
    §  2642-l.  Monies  of the authority. All monies of the authority from
  whatever source derived shall be paid to the treasurer of the  authority
  and  shall  be  deposited  forthwith in an interest-bearing account in a
  bank or banks designated by the authority. The monies in  such  accounts
  shall be paid out or withdrawn on the order of such person or persons as
  the  authority  may authorize to make such requisitions. All deposits of
  such monies shall be secured by obligations of the United States  or  of
  the state or of 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.  To  the  extent  practicable,
  consistent  with the cash requirements of the authority, all such monies
  shall be deposited in  interest-bearing  accounts.  Any  monies  of  the
  authority  not  required  for  immediate  use  or  disbursement  may, be
  invested in accordance with section ninety-eight  or  ninety-eight-a  of
  the state finance law.