2006 New York Code - Moneys Of The Authority.

 
    §  2680-i.  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 designated by the
  authority. The moneys in such accounts shall be paid out on a  check  of
  the  treasurer  upon  requisition  by  such  person  or  persons  as the
  authority may authorize to make such requisitions. All deposits of  such
  money  shall be secured by obligations of the United States or 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 moneys
  shall be deposited in interest bearing  accounts.  The  authority  shall
  have  the  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 in accordance with guidelines established by the authority's
  board as from time to time amended. Subject to  the  provisions  of  any
  contract  with bondholders and with the approval of the comptroller, the
  authority shall prescribe a system of accounts.