New York Laws
Title 26 - New York City Stabilization Reserve Corporation
2539 - Resources of the Corporation.

(b) The monies of the corporation shall be paid to the comptroller as
agent of the corporation who shall not commingle such monies with any
other monies. Subject to the provisions of any contract with noteholders
or bondholders, all corporation monies received by the corporation
which, together with other monies of the corporation available for the
operating expenses of the corporation including the payment of debt
service and payments to the capital reserve fund, exceed the amount
required for such purposes shall be transferred to the city on the
fifteenth day of February.
(c) The monies in any of the corporation's accounts shall be paid out
on checks signed by the comptroller on requisitions of the chairman of
the directors of the corporation or of such other officer or employee as
the directors shall authorize to make such requisition.
(d) The comptroller or his legally authorized representative, from
time to time may examine the books and accounts of the corporation,
including its receipts, disbursements, contracts, reserves, investments,
and any other matters relating to its financial standing. Such an
examination shall be conducted by the comptroller at least once every
five years; in lieu of such an examination, the comptroller may accept
from the corporation an external examination of the books and accounts
made at the request of the directors of the corporation.