Section 3563. Moneys of the corporation

All moneys of the corporation from
  whatever   source  derived  shall  be  paid  to  the  treasurer  of  the
  corporation and  shall  be  deposited  forthwith  in  a  bank  or  banks
  designated  by  the  corporation.   The moneys in such accounts shall be
  paid out on check of the treasurer upon requisition by  such  person  or
  persons  as the corporation 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  corporation,
  all  such  moneys  shall  be deposited in interest bearing accounts. The
  corporation 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
  corporation  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  corporation
  and  all  banks and trust companies are authorized to give such security
  for such deposits.   Any moneys of  the  corporation  not  required  for
  immediate use or disbursement may, at the discretion of the corporation,
  be invested in those obligations specified pursuant to the provisions of
  section  ninety-eight-a  of  the  state  finance  law.  Subject  to  the
  provisions of any contract with bondholders  and  the  approval  of  the
  comptroller, the corporation shall prescribe a system of accounts.