Section 705. Moneys of the authority

1.  All  moneys  received by the
  authority from the bridge and all other moneys received from  any  other
  source whatsoever pertaining to the operations of the authority shall be
  paid to the state comptroller as agent of the authority and deposited in
  a  separate  bank  account  or  accounts  to be known as the "Ogdensburg
  bridge fund. " The moneys in such fund shall be available subject to the
  approval of the director of the budget of the  state  of  New  York  for
  payment  of  any  and all costs and expenditures as may be necessary for
  the corporate purposes of the authority. The moneys  of  the  Ogdensburg
  bridge  fund  when  made  available  shall be paid from such fund on the
  audit and warrant of the comptroller on vouchers approved solely by  the
  chairman of the authority or his properly designated officer.
    2.  All  moneys  in  such fund in excess of the sum of two hundred and
  fifty thousand dollars shall on the first day of each month be  paid  by
  the authority to the state comptroller provided, however, that effective
  June  thirty, nineteen hundred seventy-eight, the director of the budget
  and the authority shall establish within the  provisions  of  a  written
  agreement  between  the  authority  and  the  director providing for the
  repayment to the state by the authority of state  advances  the  maximum
  amount of moneys which the authority may retain in the Ogdensburg bridge
  fund. The comptroller is hereby authorized to receive from the authority
  such  amounts  as  shall  be  paid  to  the  comptroller pursuant to the
  provisions of this section and to credit all such amounts to the capital
  construction fund. Upon certification by the state comptroller that  all
  moneys  due  the  state have been paid in full, the remaining balance of
  such fund shall be available to such authority and may be used  by  such
  authority for any corporate purpose. The accounts of the authority shall
  be   subject   to  examination  by  the  state  comptroller.  The  state
  comptroller is hereby authorized and empowered to examine  the  accounts
  and  books  of  the  authority  at  such  periods of time as he may deem
  necessary, including its receipts, disbursements, contracts, leases  and
  any other matters relating to its financial standing.
    3.  Nothing  in this section shall prevent the authority and the state
  from entering into an agreement for the  establishment  of  a  revolving
  fund  to  be  used  to  pay  part of or all of the authority's operating
  expenses. This revolving fund shall  be  initially  funded  with  moneys
  advanced  from  the Ogdensburg bridge fund and shall be replenished from
  time to time  from  such  funds  upon  the  audit  and  warrant  of  the
  comptroller.