Section 3235. General powers of the corporation

The corporation shall have
  the following powers in addition to those specially conferred  elsewhere
  in this title:
    1. to sue and be sued;
    2. to have a seal and alter the same at pleasure;
    3.  to  make  and  alter  by-laws  for  its  organization and internal
  management and, subject to agreements with bondholders  or  noteholders,
  to  make  rules  and  regulations  governing the use of its property and
  facilities;
    4. to make and execute contracts,  leases,  subleases  and  all  other
  instruments  or  agreements  necessary or convenient for the exercise of
  its powers and functions under this title;
    5. to purchase real or personal property necessary and convenient  for
  its purposes; to execute and deliver deeds for real property held in its
  own  name;  and to sell or otherwise to dispose of such real or personal
  property that,  in  the  judgment  of  the  corporation,  is  no  longer
  necessary for its corporate purposes;
    6.  to  appoint officers, agents and employees, prescribe their duties
  and qualifications and fix their compensations subject to the provisions
  of the civil  service  law  and  any  applicable  collective  bargaining
  agreement;
    7.  to  commence  any action to protect or enforce any right conferred
  upon it by any law, contract or other agreement;
    8. to make payments to  local  governments  in  such  amounts  as  are
  provided for by this title;
    9.  to borrow money and, in accordance with section three thousand two
  hundred thirty-six of this title, to  issue  bonds  or  notes  or  other
  obligations  in  respect  of  amounts borrowed and to fund or refund the
  same, and to provide for the rights of the holders  of  its  obligations
  subject to provisions of this title;
    10.  subject  to  the  provisions  of any contract with bondholders or
  noteholders, to invest any funds held in reserves or sinking  funds,  or
  any  funds  not  required  for  immediate  use  or  disbursement, at the
  discretion of the corporation, in obligations in which  the  comptroller
  is  authorized to invest pursuant to section ninety-eight-a of the state
  finance law;
    11. subject to the provisions of  any  contract  with  bondholders  or
  noteholders, to purchase bonds or notes of the corporation;
    12.  to procure insurance in such amounts and from such insurers as it
  deems desirable;
    13. to engage the services of consultants  on  a  contract  basis  for
  rendering professional and technical assistance and advice;
    14. to receive and accept, and contract for and to accept any gifts or
  grants  or  loans  of funds or property or financial or other aid in any
  form from the  federal  government  or  any  agency  or  instrumentality
  thereof, the state or any agency or instrumentality thereof, or from any
  other source and to comply with the terms and conditions thereof;
    15.  as  security  for the payment of the principal of and interest on
  any bonds or  notes  issued  by  it  pursuant  to  this  title  and  any
  agreements  made  in  connection therewith and for its obligations under
  bond or note facilities to pledge all or any part  of  its  revenues  or
  assets;
    16.   to   procure  insurance,  letters  of  credit  or  other  credit
  enhancement with respect to its bonds or notes issued pursuant  to  this
  title,  or  facilities for the payment of tenders of such bonds or notes
  or facilities for the payment upon  maturity  of  short-term  notes  not
  renewed;

    17.  to  adopt,  amend or rescind rules and regulations appropriate to
  its corporate purposes and to enter into agreements and otherwise to  do
  any and all things necessary or convenient to carry out its purposes and
  exercise the powers expressly given and granted in this title.