New York Laws
Article 4-A - Investments of Public Pension Funds
179-A - Construction.

§ 179-a. Construction. In the event of any conflict or inconsistency
between the provisions of this article four-a and the provisions of any
other provision of law as to the percentage of assets of a fund which
may be invested in any one type of investment or in any one particular
investment, the provisions of this article shall govern.

Nothing contained in this article shall be construed to affect any
lawful investment made prior to the effective date of this article by
the trustee or trustees of a fund, and any such investment may be
retained or disposed of by such trustee or trustees in accordance with
any other provision of law.

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