Section 1957. Moneys of the authority

All moneys of the authority, from
  whatever source derived, shall be paid to the treasurer of the  city  as
  agent  of  the  authority,  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 by the
  treasurer on requisition of the chairman of the  authority  or  of  such
  person  as  the  authority may authorize to make such requisitions after
  audit by and upon the warrant of the comptroller. All deposits  of  such
  moneys  shall, if required by the treasurer or the authority, be secured
  by obligations 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 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,  collection,  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 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.  The  accounts  of the authority shall be
  subject to the supervision of  the  state  comptroller  and  he  or  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,  sinking  funds,
  investments and any other matter relating to its financial standing  and
  fiscal  affairs. The authority shall render a complete annual account of
  its proceedings to the city council at its first meeting in February  of
  each and every year.