Section 1199-K. 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
  designated by the governing body. The moneys in such accounts  shall  be
  paid  out  on  check  of the treasurer upon requisition by the governing
  body or of such other person  or  persons  as  the  governing  body  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 the
  county 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.  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 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.  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
  section ninety-eight-a of  the  state  finance  law.    Subject  to  the
  provisions of any contract with bondholders and with the approval of the
  comptroller, the authority shall prescribe a system of accounts.