Section 1208. Revenue and accounts

1. The authority shall establish and
  maintain a system of accounts to show at  all  times  the  cost  of  the
  several  classes  of property used in operation and the sources of funds
  used in the  acquisition  of  such  property;  the  several  classes  of
  operating  revenue and other income; maintenance expenses, interest, and
  all other charges. To  the  extent  consistent  with  this  title,  such
  accounts shall be kept in accordance with the appropriate uniform system
  of  accounts  prescribed  by  the public service commission and shall be
  published monthly in the city record.
    2. The moneys of the authority shall be deposited daily in banks to be
  designated by the authority. Deposits may be secured by  obligations  of
  or  guaranteed  by  the  United  States,  the  state,  or  any municipal
  corporation of the state or in such other manner as  the  authority  may
  provide,  and  all banks and trust companies are authorized to give such
  security for such deposits. The comptroller shall have  the  power  from
  time  to  time,  to examine the accounts, books and any other records or
  papers relating to the  financial  condition  of  the  authority,  which
  examination  shall not preclude examination of such matters by any other
  authorized officer or body.
    3. Payments or withdrawals of moneys of the authority shall be made by
  checks drawn and signed by a member or an officer of the authority, duly
  authorized by resolution of the board.