2012 New York Consolidated Laws
PBA - Public Authorities
Article 8 - MISCELLANEOUS AUTHORITIES
Title 28-BB - (2675-A - 2675-R) ALBANY CONVENTION CENTER AUTHORITY
2675-M - Bonds; legal investment of fiduciaries.

 
    §  2675-m.  Bonds;  legal  investment  for  fiduciaries. The bonds are
  hereby made securities in which all public officers and bodies  of  this
  state  and  all municipalities and municipal subdivisions, all insurance
  companies and associations and other persons carrying  on  an  insurance
  business, all banks, bankers, trust companies, savings banks and savings
  associations,   including  savings  and  loan  associations,  investment
  companies and other persons carrying on a banking business and all other
  persons whatsoever, except as hereinafter provided, who are now  or  may
  hereafter  be  authorized to invest in bonds or other obligations of the
  state, may properly and legally invest funds including capital in  their
  control  or  belonging  to  them;  provided  that,  notwithstanding  the
  provisions of any other general or special law  to  the  contrary,  such
  bonds  shall  not  be  eligible  for  the investment of funds, including
  capital,  trusts,  estates  or  guardianships  under  the   control   of
  individual  administrators,  guardians,  executors,  trustees  and other
  individual fiduciaries. The bonds are also hereby made securities  which
  may  be  deposited  with  and may be received by all public officers and
  bodies of this state and all municipalities and  municipal  subdivisions
  for  any  purpose for which the deposit of bonds or other obligations of
  this state is now or may hereafter be authorized.