2012 New York Consolidated Laws
PBA - Public Authorities
Article 2 - PARK, PARKWAY AND HIGHWAY AUTHORITIES
Title 3 - (150 - 165) JONES BEACH STATE PARKWAY AUTHORITY
156 - Moneys of the authority.

 
    * §  156.  Moneys  of  the authority. All moneys of the authority from
  whatever source derived shall be paid to the comptroller as agent of the
  authority, who shall not commingle such moneys with  any  other  moneys.
  Such  moneys  shall be deposited in a separate bank account or accounts.
  The moneys  in  such  accounts  shall  be  paid  out  on  check  of  the
  comptroller  on requisition of the president of the authority or of such
  other person or persons as the authority  may  authorize  to  make  such
  requisitions.  All  deposits  of  such  moneys shall, if required by the
  comptroller or the authority, be secured by obligations  of  the  United
  States  or of the state of New York 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. The comptroller and
  his  legally  authorized  representatives  are  hereby  authorized   and
  empowered  from  time  to  time to examine the accounts and books of the
  parkway authority, including  its  receipts,  disbursements,  contracts,
  leases, sinking funds, investments and any other matters relating to its
  financial  standing.  The authority shall have power notwithstanding the
  provisions of this section, to contract with the holders of any  of  its
  bonds as to the custody, collection, securing, 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 to carry out
  any such contract notwithstanding that such contract may be inconsistent
  with the previous 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.
    * NB (Authority abolished June 30, 1978)