N.Y. Public Authorities Law Section 2053-M
Moneys of the authority

All moneys of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in interest bearing accounts in a bank or banks in the state designated by the governing body. The moneys in such accounts shall be paid out on check of the treasurer, upon requisition by the governing body or of such other person or persons as the governing body may authorize to make such requisitions. All deposits of such moneys shall be secured by obligations of the United States, the state or 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. 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, and to carry out any such contract notwithstanding that such contract may be inconsistent with the provisions of this section. Moneys held in trust or otherwise for the payment of bonds, or in any ways 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. 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, as amended from time to time. Subject to the provisions of any contract with bondholders and with the approval of the comptroller, the authority shall prescribe a system of accounts.

Source: Section 2053-M — Moneys of the authority, https://www.nysenate.gov/legislation/laws/PBA/2053-M (updated Sep. 22, 2014; accessed Feb. 28, 2026).

2053–A
Short title 2053–B
Definitions 2053–C
Rockland county solid waste management authority 2053–D
Transfer of property to authority 2053–E
Powers of the authority 2053–F
Certain county rights 2053–G
Charges by the authority 2053–H
Governmental capacity of the authority and municipalities 2053–I
Transfer of officers and employees 2053–J
Bonds of the authority 2053–K
Remedies of bondholders 2053–L
State, county and municipalities not liable on bonds 2053–M
Moneys of the authority 2053–N
Bonds and notes as legal investment 2053–O
Agreement with the state 2053–P
Exemption from taxes, assessments and certain fees 2053–Q
Actions against the authority 2053–R
Contracts 2053–S
Interest in contracts prohibited 2053–T
Audit and annual report 2053–U
Limited liability 2053–V
Contracts with municipalities 2053–W
Solid waste reserve fund 2053–X
Environmental applications, proceedings, approvals and permits 2053–Y
Separability 2053–Z
Effect of inconsistent provisions

California:	Codes
Colorado:	C.R.S.
Florida:	Statutes
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

N.Y. Public Authorities Law Section 2053-M Moneys of the authority

N.Y. Public Authorities Law Section 2053-M
Moneys of the authority