N.Y. Public Authorities Law Section 2799-MMM
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 a bank or banks designated by the authority. The moneys 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 moneys 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 moneys 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 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 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 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. 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. 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 2799-MMM — Moneys of the authority, https://www.nysenate.gov/legislation/laws/PBA/2799-MMM (updated Sep. 22, 2014; accessed Nov. 1, 2025).

2799–AAA
Short title 2799–BBB
Statement of legislative findings and purpose 2799–CCC
Definitions 2799–DDD
Syracuse regional airport authority 2799–EEE
Advances on behalf of authority, transfer of property to authority, acquisition of property by city or authority 2799–FFF
Transfer of officers and employees 2799–GGG
General powers of the authority 2799–GGG–1
Authority police force 2799–HHH
Special powers of the authority 2799–III
City notice required 2799–JJJ
Bonds of the authority 2799–KKK
Remedies of bondholders 2799–LLL
State, county, and city not liable on authority bonds 2799–MMM
Moneys of the authority 2799–NNN
Bonds legal investment for fiduciaries 2799–OOO
Agreement with state 2799–PPP
Agreement with city 2799–QQQ
Exemption from taxes, assessments and certain fees 2799–RRR
Actions against authority 2799–SSS
Contracts 2799–TTT
Conflicts of interest 2799–UUU
Agreements relating to payment in lieu of taxes 2799–VVV
Audit and annual report 2799–WWW
Limited liability 2799–XXX
Transfer of applications, proceedings, approvals and permits 2799–XXX–1
Website 2799–YYY
Severability 2799–ZZZ
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 2799-MMM Moneys of the authority

N.Y. Public Authorities Law Section 2799-MMM
Moneys of the authority