2012 New York Consolidated Laws
PBA - Public Authorities
Article 8 - MISCELLANEOUS AUTHORITIES
Title 33 - (2799-AA - 2799-UU) NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY
2799-KK - Bonds legal for investment and deposit.

 
    §  2799-kk.  Bonds legal for investment and deposit.  The bonds of the
  authority are hereby made securities in which all  public  officers  and
  bodies  of  the  state  and  all public corporations, 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,  building  and  loan  associations,
  investment companies and other persons carrying on a  banking  business,
  all  administrators,  conservators,  guardians,  executors, trustees and
  other fiduciaries, and all other persons whatsoever who are now  or  may
  hereafter  be  authorized  to invest in bonds or in other obligations of
  the state, may properly and legally invest funds, including capital,  in
  their  control  or  belonging  to  them.  The bonds are also hereby made
  securities which may be deposited with and may be received by all public
  officers and bodies of the  state  and  all  municipalities  and  public
  corporations  for  any  purpose  for which the deposit of bonds or other
  obligations of the state is now or may hereafter be authorized.