Section 1975. Moneys of the authority

1. All moneys of the authority from
  whatever source derived shall be paid to the treasurer of the  authority
  and  shall  be  deposited  forthwith  in  a  bank  or banks in the state
  designated by the authority. The moneys in such accounts shall  be  paid
  by  the  treasurer  or  other  agent duly designated by 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.  All
  deposits of such moneys, shall, if required by 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  obligations shall either be deposited with the treasurer
  or be held by a trustee or agent  satisfactory  to  the  authority.  The
  comptroller  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.
    2. Notwithstanding any provision of law to the contrary, the authority
  is hereby authorized to contribute twenty million dollars to  the  state
  treasury to the credit of the general fund.
    3.  Any  moneys  of  the authority, including the proceeds of bonds or
  notes, not required for immediate use may,  at  the  discretion  of  the
  authority  be  invested  in  obligations  of  the state or of the United
  States of America or obligations the principal of and interest on  which
  are  guaranteed  by the state or the United States of America, or in any
  other obligations in which the comptroller of the state of New  York  is
  authorized  to  invest  pursuant  to  section  ninety-eight of the state
  finance law.
    4. The authority shall have power to contract with holders of  any  of
  its bonds or notes, as to the custody, collection, securing, investment,
  and  payment of any moneys of the authority, of any moneys held in trust
  or otherwise for the payment of bonds or notes, and to  carry  out  such
  contract.  Moneys held in trust or otherwise for the payment of bonds or
  notes or in any way to secure bonds or notes 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.
    5. Subject to the provisions  of  any  contract  with  bondholders  or
  noteholders  and to the approval of the comptroller, the authority shall
  prescribe a system of accounts.