Section 1055. 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 in the state of New
  York designated by the authority. The moneys in such accounts  shall  be
  paid out on check of the treasurer on requisition by the authority or of
  such other person or persons as the authority may authorize to make such
  requisitions.  All  deposits  of  such  moneys shall, if required by the
  comptroller or the authority, be secured by obligations  of  the  United
  States  or  of  the state of New York or of the county of a market value
  equal at all times to the amount of deposit  and  all  banks  and  trust
  companies  are  authorized  to give such security for such deposits. The
  comptroller  and  his  legally  authorized  representatives,   and   the
  comptroller of the county of Erie, if he so elect, are hereby authorized
  and empowered from time to time to examine the accounts and books of the
  authority,  including  its  receipts,  disbursements, contracts, leases,
  sinking funds,  investments  and  any  other  matters  relating  to  its
  financial  standing. The authority shall have power, notwithstanding the
  provisions of this section, to contract with the holders of any  of  its
  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 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.