New York Laws
Article 4-A - Investments of Public Pension Funds
177-A - Investment in Certain Conventional Mortgages.

§ 177-a. Investment in certain conventional mortgages.
Notwithstanding any provision contained in this chapter or any other
general, special or local law or code to the contrary, within the
limitations authorized for investment in conventional mortgages, the
trustees of the fund may invest a part of its assets in first mortgages
on real property located anywhere within the boundaries of the United
States.

Structure New York Laws