New York Laws
Title 8-G - Cayuga County Water and Sewer Authority
1199-LLLL - Bonds Legal Investments for Fiduciaries.

* § 1199-llll. Bonds legal investments for fiduciaries. The bonds of
the authority are hereby made securities in which all public officials
and bodies of the state and all municipalities, 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
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. 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 for any purposes for which the deposit of bonds
or other obligations of the state is now or hereafter may be authorized.

* NB There are 2 § 1199-llll's