Section 1909. Moneys to the authority

All moneys of the authority shall be
  paid to the treasurer of the city as agent of the  authority  who  shall
  designate  depositories and who shall not commingle such moneys with any
  other moneys. Such moneys shall be deposited in a separate bank  account
  or  accounts. The moneys in such accounts shall be paid out on checks of
  the city treasurer 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 city treasurer in the manner provided by
  the Rome city charter. All deposits of such moneys shall, if required by
  the city treasurer or the authority, be secured by  obligations  of  the
  United States or of the State of New York of a market value equal at all
  times  to  the  amount of the deposit, and all banks and trust companies
  are authorized to  give  such  security  for  such  deposits.  The  city
  treasurer  and his legally authorized representatives are 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 records and papers relating  to
  its financial standing.  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,  collecting,  securing,  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 previous provisions of this section. Moneys held
  in trust or otherwise for the payment of bonds and the 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.