New York Laws
Title 9 - 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.

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