Section 1199-LL. 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.
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