New York Laws
Title 18 - State of New York Municipal Bond Bank Agency Act
2446 - Moneys of the Agency.

(2) The agency shall have power to contract with holders of any of its
bonds or notes, as to the custody, collection, securing, investment, and
payment of any moneys of the agency, of any moneys held in trust or
otherwise for the payment of bonds or notes, and to carry out such
contract. Moneys held in trust or otherwise for the payment of bonds or
notes or in any way to secure bonds or notes 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.
(3) Subject to the provisions of any contract with bondholders or
noteholders and to the approval of the comptroller, the agency shall
prescribe a system of accounts.
(4) The agency shall submit to the governor, chairman of the senate
finance committee, chairman of the assembly ways and means committee and
the comptroller, within thirty days of the receipt thereof by the
agency, a copy of the report of every external examination of the books
and accounts of the agency other than copies of the reports of such
examinations made by the comptroller.

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