N.Y. Public Authorities Law Section 1570-G
Moneys of the authority

All moneys of the authority from whatever source derived shall be paid to the treasurer of the village, 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 money in such accounts shall be paid out by such treasurer on requisition of the chairperson of the authority or of such person or persons as the authority may authorize to make such requisitions after audit by and upon the warrant of the treasurer of the village. All deposits of such moneys shall, if required by such treasurer or the authority, be secured by obligations of the United States or the state of New York or of any municipality 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. To the extent practicable, consistent with the cash requirements of the authority, all such monies shall be deposited in interest bearing accounts. The treasurer of the village and his or her legally authorized representatives are authorized and empowered from time to time to examine the accounts and books of the authority, including its receipts, disbursements, contracts, leases, sinking funds, investments and any other records and papers relating to its financial standing. The authority shall have power, notwithstanding the provisions of this section, to contract with the holders of any of its 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 bonds or in any way to secure 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 bonds or in any way to secure bonds and deposits of such moneys may be acquired in the same manner as moneys 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 pursuant to 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 in accordance with guidelines established by the board and amended from time to time. Subject to the provisions of any contract with bondholders and with the approval of the state comptroller, the authority shall prescribe a system of accounts.

Source: Section 1570-G — Moneys of the authority, https://www.nysenate.gov/legislation/laws/PBA/1570-G (updated Sep. 22, 2014; accessed May 11, 2024).

1570
Short title 1570‑A
Definitions 1570‑B
Harrison parking authority 1570‑C
Purpose and powers of the authority 1570‑D
Civil service status of officers and employees 1570‑E
Conveyance of property by the village to the authority 1570‑F
Construction contracts 1570‑G
Moneys of the authority 1570‑H
Bonds or notes of the authority 1570‑I
Agreement with state 1570‑J
Agreements of the village 1570‑K
State and village not liable on bonds 1570‑L
Bonds 1570‑M
Tax exemptions and tax contract by the state 1570‑N
Audit and annual reports 1570‑O
Remedies of bondholders 1570‑P
Actions against the authority 1570‑Q
Defense and indemnification 1570‑R
Code of ethics 1570‑S
Equal employment opportunity 1570‑T
Termination of the authority 1570‑U
Title not affected if in part unconstitutional or ineffective 1570‑V
Inconsistent provisions in other acts superseded

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Colorado:	C.R.S.
Nevada:	NRS
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N.Y. Public Authorities Law Section 1570-G Moneys of the authority

N.Y. Public Authorities Law Section 1570-G
Moneys of the authority