2006 New York Code - Officers, Trustees Of Public Property.

 
    § 22. Officers,  trustees  of  public property. The common council and
  the several members thereof, and all officers and employees of the  city
  are  hereby declared trustees of the property, funds and effects of said
  city respectively, so far as such property, funds and effects are or may
  be committed to their management or control, and every taxpayer residing
  in said city is hereby declared to be a cestui que trust in  respect  to
  the said property, funds and effects respectively; and any co-trustee or
  any  cestui  que trust shall be entitled as against said trustees and in
  regard to said property, funds and effects to all  the  rules,  remedies
  and  privileges  provided by law for any co-trustee or cestui que trust;
  to prosecute and maintain an action to prevent waste and injury  to  any
  property,  funds  and estate held in trust; and such trustees are hereby
  made subject to all the duties and responsibilities imposed  by  law  on
  trustees,  and  such  duties and responsibilities may be enforced by the
  city or by any co-trustee or cestui que trust  aforesaid.  The  remedies
  herein provided shall be in addition to those now provided by law.