Section 1199-KK. Moneys of the authority

All moneys of the authority from
  whatever  source  derived  shall  be  paid to the treasurer and shall be
  deposited forthwith in one or more banks and/or trust companies  in  the
  state  designated by the authority. The moneys in such accounts shall be
  paid out on checks of the treasurer upon requisition by the board or  of
  such other person or persons as the authority may authorize to make such
  requisitions.   All   deposits  of  such  moneys  shall  be  secured  by
  obligations of (or guaranteed by) the United States of America 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. 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.  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. 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.
    * NB There are 2 § 1199-kk's