§ 1975. Moneys of the authority.
1.All moneys of the authority from\nwhatever source derived shall be paid to the treasurer of the authority\nand shall be deposited forthwith in a bank or banks in the state\ndesignated by the authority. The moneys in such accounts shall be paid\nby the treasurer or other agent duly designated by the authority on\nrequisition of the chairman of the authority or of such other person or\npersons as the authority may authorize to make such requisitions. All\ndeposits of such moneys, shall, if required by the authority, be secured\nby obligations of the United States or of the state of New York of a\nmarket value equal at all times to the amount of the deposit and all\nbanks and trust companies are authorized to give such security for such\ndeposits. The ob
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§ 1975. Moneys of the authority. 1. All moneys of the authority from\nwhatever source derived shall be paid to the treasurer of the authority\nand shall be deposited forthwith in a bank or banks in the state\ndesignated by the authority. The moneys in such accounts shall be paid\nby the treasurer or other agent duly designated by the authority on\nrequisition of the chairman of the authority or of such other person or\npersons as the authority may authorize to make such requisitions. All\ndeposits of such moneys, shall, if required by the authority, be secured\nby obligations of the United States or of the state of New York of a\nmarket value equal at all times to the amount of the deposit and all\nbanks and trust companies are authorized to give such security for such\ndeposits. The obligations shall either be deposited with the treasurer\nor be held by a trustee or agent satisfactory to the authority. The\ncomptroller and his legally authorized representatives are authorized\nand empowered from time to time to examine the accounts and books of the\nauthority, including its receipts, disbursements, contracts, leases,\nsinking funds, investments and any other records and papers relating to\nits financial standing.\n 2. Notwithstanding any provision of law to the contrary, the authority\nis hereby authorized to contribute two hundred million dollars to the\nstate treasury to the credit of the general fund.\n 3. Any moneys of the authority, including the proceeds of bonds or\nnotes, not required for immediate use may, at the discretion of the\nauthority be invested in obligations of the state or of the United\nStates of America or obligations the principal of and interest on which\nare guaranteed by the state or the United States of America, or in any\nother obligations in which the comptroller of the state of New York is\nauthorized to invest pursuant to section ninety-eight of the state\nfinance law.\n 4. The authority shall have power to contract with holders of any of\nits bonds or notes, as to the custody, collection, securing, investment,\nand payment of any moneys of the authority, of any moneys held in trust\nor otherwise for the payment of bonds or notes, and to carry out such\ncontract. Moneys held in trust or otherwise for the payment of bonds or\nnotes or in any way to secure bonds or notes and deposits of such moneys\nmay be secured in the same manner as moneys of the authority, and all\nbanks and trust companies are authorized to give such security for such\ndeposits.\n 5. Subject to the provisions of any contract with bondholders or\nnoteholders and to the approval of the comptroller, the authority shall\nprescribe a system of accounts.\n