N.Y. Public Authorities Law Section 1199-KK
Moneys of the authority

All moneys of the authority from whatever source derived shall be paid to the treasurer and shall be deposited forthwith in one or more banks and/or trust companies in the state designated by the authority. The moneys in such accounts shall be paid out on checks of the treasurer upon requisition by the board or of such other person or persons as the authority may authorize to make such requisitions. All deposits of such moneys shall be secured by obligations of (or guaranteed by) the United States of America or of the state or of the county 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. Any moneys 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 provisions 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. 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 moneys of the authority or any moneys held in trust or otherwise for the payment of bonds or in any way to secure bonds. Moneys held in trust or otherwise for the payment of bonds or in any way to secure 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. * NB There are 2 § 1199-kk’s

Source: Section 1199-KK — Moneys of the authority, https://www.nysenate.gov/legislation/laws/PBA/1199-KK (updated Sep. 22, 2014; accessed Dec. 6, 2025).

1199–AA
Short title 1199–BB
Definitions 1199–CC
Wayne county water and sewer authority district 1199–DD
Wayne county water and sewer authority 1199–EE
Powers of the authority 1199–FF
Advances on behalf of the authority 1199–GG
Transfer of officers and employees 1199–HH
Bonds of the authority 1199–II
Remedies of bondholders 1199–JJ
State and municipalities not liable on authority bonds 1199–KK
Moneys of the authority 1199–LL
Bonds legal investments for fiduciaries 1199–MM
Agreement with the state 1199–NN
Exemption from taxes, assessments and certain fees 1199–OO
Actions against the authority 1199–PP
Interest in contracts prohibited 1199–QQ
Construction and purchase contracts 1199–RR
Authority to take affirmative action 1199–SS
Audit and annual report 1199–TT
Environmental applications, proceedings, approvals and permits 1199–UU
Limited liability 1199–VV
Governmental capacity of the authority and municipalities 1199–WW
Separability clause 1199–XX
Effect of inconsistent provisions

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Colorado:	C.R.S.
Florida:	Statutes
Nevada:	NRS
New York:	Laws
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World:	Rome Statute, International Dictionary

N.Y. Public Authorities Law Section 1199-KK Moneys of the authority

N.Y. Public Authorities Law Section 1199-KK
Moneys of the authority