New York Laws
Title 25 - New York City Sports Authority
2518 - Bonds and Notes as Legal Investments.

* § 2518. Bonds and notes as legal investments. The bonds and notes of
the authority are hereby made securities in which all public officers
and bodies of this 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 and savings associations, including savings and loan
associations, building and loan associations, investment companies and
other persons carrying on a banking business, all administrators,
guardian executors, trustees and other fiduciaries, and all other
persons who are now or 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. The bonds and
notes 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 this state is now or may
hereafter be authorized.

* NB (Discontinued-Board of Directors never appointed)