New York Laws
Title 13-B - Onondaga County Resource Recovery Agency
2045-K - Moneys of the Agency.

§ 2045-k. Moneys of the agency. All moneys of the agency from whatever
source derived shall be paid to the treasurer of the agency and shall be
deposited forthwith in a bank or banks in the state designated by the
governing body. The moneys in such accounts shall be paid out on check
of the treasurer upon requisition by the governing body or of such other
person or persons as the governing body may authorize to make such
requisitions. All deposits of such moneys shall be secured by
obligations of the United States or of the state or of the county of a
market value equal at all times to the amount on deposit and all banks
and trust companies are authorized to give such security for such
deposits. The agency shall have power, notwithstanding the provisions of
this section, to contract with the holders of any bonds as to the
custody, collection, security, investment and payment of any moneys of
the agency or any moneys held in trust or otherwise for the payment of
bonds or in any way to secure bonds, and carry out any such contract
notwithstanding that such contract may be inconsistent with the
provisions of this section. Moneys held in trust or otherwise for the
payment of bonds or in any way to secure bonds and deposits of such
moneys may be secured in the same manner as moneys of the agency and all
banks and trust companies are authorized to give such security for such
deposits. Any moneys of the agency not required for immediate use or
disbursement may, at the discretion of the agency, be invested in those
obligations specified pursuant to the provisions of section
ninety-eight-a of the state finance law. Subject to the provisions of
any contract with bondholders and with the approval of the comptroller,
the agency shall prescribe a system of accounts.