New York Laws
Sub Title 1 - Subtitle I General Provisions
1808 - Bonds and Notes of the Authority Legal Investments for Fiduciaries.

§ 1808. Bonds and notes of the authority legal investments for
fiduciaries. The bonds and notes of the authority are hereby made
securities in which all public officers and bodies of the 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, savings associations,
including savings and loan associations and 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 who
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 provision
of law, the bonds and notes of the authority are also hereby made
securities which may be deposited with and may 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 the state is now or may hereafter be authorized.