New York Laws
Title 7 - Nassau County Bridge Authority
660 - Moneys of the Authority.

§ 660. Moneys of the authority. All moneys of the authority shall be
paid to the treasurer of the county as agent of the authority, who shall
not commingle such moneys with any other moneys. Such moneys shall be
deposited in a separate bank account or accounts. The moneys in such
accounts shall be paid out by said treasurer on requisition of the
chairman of the authority or of such other person or persons as the
authority may authorize to make such requisitions. All deposits of such
moneys shall, if required by the treasurer or the authority, be secured
by obligations of the United States or of the state of New York of a
market value equal at all times to the amount of the deposit, and all
banks and trust companies are authorized to give such security for such
deposits. The comptroller of the county is hereby authorized to audit
the accounts of the authority. The authority shall have power,
notwithstanding the provisions of this section, to contract with the
holders of any of its notes and bonds as to the custody, collection,
securing, investment and payment of any moneys of the authority or any
moneys held in trust or otherwise for the payment of notes and bonds or
in any way to secure notes and bonds, and to carry out any such contract
notwithstanding that such contract may be inconsistent with the previous
provisions of this section. Moneys held in trust or otherwise for the
payment of notes and bonds or in any way to secure notes and bonds and
deposits of such moneys may be secured in the same manner as moneys of
the authority, and all banks and trust companies are authorized to give
such security for such deposits.

The accounts of the authority shall be subject to the supervision of
the state comptroller.