Section 2047-K. Moneys of the agency

All  moneys of the agency from
  whatever source derived shall be paid to the treasurer of the agency and
  shall be deposited forthwith in a bank or banks in the state  designated
  by  the governing body. The moneys in such accounts shall be paid out on
  check of the treasurer upon requisition by the governing body or of such
  other person or persons as the governing body may authorize to make such
  requisitions.  All  deposits  of  such  moneys  shall  be   secured   by
  obligations of the United States or of the state or of the county or any
  municipality  of  a  market  value  equal  at all times to the amount on
  deposit and all banks and trust companies are authorized  to  give  such
  security for such deposits. The agency shall have power, notwithstanding
  the  provisions  of  this  section,  to contract with the holders of any
  bonds as to the custody, collection, security, investment and payment of
  any moneys of the agency or any moneys held in trust  or  otherwise  for
  the  payment  of  bonds or in any way to secure bonds, and 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 agency
  and all banks and trust companies are authorized to give  such  security
  for  such  deposits. Any moneys of the agency not required for immediate
  use or disbursement may, at the discretion of the agency, be invested in
  those obligations  specified  pursuant  to  the  provisions  of  section
  ninety-eight-a  of  the  state finance law. Subject to the provisions of
  any contract with bondholders and with the approval of the  comptroller,
  the agency shall prescribe a system of accounts.
    * NB There are 2 § 2047-k's