2012 New York Consolidated Laws
PBA - Public Authorities
Article 7 - PARKING AUTHORITIES
Title 11 - (1596-A - 1596-S) CITY OF YONKERS PARKING AUTHORITY
1596-H - Moneys of the authority.

 
    §  1596-h.  Moneys of the authority. All moneys of the authority shall
  be paid to the comptroller of the city 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 by the comptroller of the city on requisition
  of the chairman of the authority or of such other person or  persons  as
  the authority may authorize to make such requisitions after audit by the
  comptroller  of the city. All deposits of such moneys shall, if required
  by the  comptroller  of  the  city  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 of the city and his legally  authorized  representatives
  are  authorized  and empowered from time to time to examine the accounts
  and books of  the  authority,  including  its  receipts,  disbursements,
  contracts,  leases, sinking funds, investments and any other records and
  papers 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  acquired
  in  the  same manner as moneys of the authority, and all banks and trust
  companies are authorized to give such security for  such  deposits.  The
  accounts  of  the  authority  shall be subject to the supervision of the
  state comptroller. The authority shall render a complete account of  its
  proceedings  to the common council at such time or times as requested to
  do so by said common council.