Section 1186. Moneys of the authority

All moneys of the authority, from
  whatever source derived, shall be paid to the treasurer as agent of  the
  authority,  who  shall  not commingle such moneys with any other moneys.
  Such moneys shall be deposited by the treasurer in one or more banks  or
  trust  companies  in a special account or accounts, and if the treasurer
  or the authority shall so require, each of such special  accounts  shall
  be  continuously secured by a pledge of direct obligations of the United
  States of America or of the state of New York having an aggregate market
  value, exclusive of accrued interest, at all times at least equal to the
  balance on deposit in such account.   Such securities  shall  either  be
  deposited  with  the  treasurer  or  be  held  by  a  trustee  or  agent
  satisfactory to the authority. In  lieu  of  any  such  pledge  of  such
  securities,  such  funds  may be secured by a surety bond or bonds which
  shall  be  in  form,  sufficiency  and  substance  satisfactory  to  the
  authority.  All  banks  and  trust companies are authorized to give such
  security for such deposits. The moneys in such accounts  shall  be  paid
  out on the warrant or check of the comptroller as agent of the authority
  on requisition of the chairman of the authority, or of such other person
  or  persons  as  the  authority may authorize to make such requisitions,
  after audit by  the  comptroller.    The  comptroller  and  his  legally
  authorized representatives 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 finances, operation
  and affairs.
    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.