2015 New York Laws
PBA - Public Authorities
Article 5 - PUBLIC UTILITY AUTHORITIES
Title 9 - (1200 - 1221) NEW YORK CITY TRANSIT AUTHORITY
1207-F - Bonds and notes legal investments for fiduciaries.

  1207-f.  Bonds  and  notes legal investments for fiduciaries.   The
  bonds and notes of the authority 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,  building   and   loan   associations,
  investment  companies  and other persons carrying on a banking business,
  all   administrators,   guardians,   executors,   trustees   and   other
  fiduciaries,  and  all  other  persons  whatsoever  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. Notwithstanding any  other  provisions  of
  law,  the  bonds  and  notes  of  the  authority  are  also  hereby made
  securities which may be deposited with and  shall  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.