N.Y. Public Authorities Law Section 1199-JJJJ*2
Moneys of the authority

All monies of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in a bank or banks designated by the authority. The monies in such accounts shall be paid out on check of the treasurer upon requisition by such person or persons as the authority may authorize to make such requisitions. All deposits of such monies shall be secured by obligations of the United States or of the state or of any municipality of a market value equal at all times to the amount on deposit and all banks and trust companies are authorized to give such security for such deposits. To the extent practicable, consistent with the cash requirements of the authority, all such monies shall be deposited in interest bearing accounts. The authority shall have power, notwithstanding the provisions of this section, to contract with the holders of any bonds as to the custody, collection, security, investment and payment of any monies of the authority or any monies held in trust or otherwise for the payment of bonds or any way to secure bonds, and carry out any such contract notwithstanding that such contract may be inconsistent with the provisions of this section. Monies held in trust or otherwise for the payment of bonds or in any way to secure bonds and deposits of such monies may be secured in the same manner as monies of the authority and all banks and trust companies are authorized to give such security for such deposits. Any monies of the authority not required for immediate use or disbursement may, at the discretion of the authority, be invested in those obligations specified pursuant to the provision of State Finance Law § 98-A (Investment of general funds, bond proceeds, and other funds not immediately required)section ninety-eight-a of the state finance law. Subject to the provisions of any contract with bond holders and with the approval of the state comptroller, the authority shall prescribe a system of accounts. * NB There are 2 § 1199-jjjj’s

Source: Section 1199-JJJJ*2 — Moneys of the authority, https://www.nysenate.gov/legislation/laws/PBA/1199-JJJJ*2 (updated Sep. 22, 2014; accessed Feb. 14, 2026).

1199–AAAA*2
Definitions 1199–BBBB*2
Livingston county water and sewer authority district 1199–CCCC*2
Livingston county water and sewer authority 1199–DDDD*2
Powers of the authority 1199–EEEE*2
Advances on behalf of the authority 1199–FFFF*2
Transfer of officers and employees 1199–GGGG*2
Bonds of the authority 1199–HHHH*2
Remedies of bondholders 1199–IIII*2
State and municipalities not liable on authority bonds 1199–JJJJ*2
Moneys of the authority 1199–KKKK*2
Bonds legal investments for fiduciaries 1199–LLLL*2
Agreement with the state 1199–MMMM*2
Exemption from taxes, assessments and certain fees 1199–NNNN*2
Actions against the authority 1199–PPPP
Construction and purchase contracts 1199–QQQQ*2
Code of ethics 1199–RRRR*2
Equal employment opportunity 1199–SSSS*2
Audit and annual report 1199–TTTT*2
Environmental applications, proceedings, approvals and permits 1199–UUUU*2
Limited liability 1199–VVVV*2
Governmental capacity of the authority and municipalities 1199–WWWW*2
Separability clause 1199–XXXX*2
Effect of inconsistent provisions 1199–YYYY*2
Charges by the authority

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N.Y. Public Authorities Law Section 1199-JJJJ*2 Moneys of the authority

N.Y. Public Authorities Law Section 1199-JJJJ*2
Moneys of the authority