New York Laws
Article 74 - Reserve Funds
3652 - Investment of Moneys in Reserve Funds.

ยง 3652. Investment of moneys in reserve funds. The school authorities
of any school district or the district treasurer or other officer having
custody of the moneys, if the school authorities shall delegate such
duty to him, may invest moneys in any fund established pursuant to this
article in the manner provided by section eleven of the general
municipal law.