Section 2050-KK. Moneys of the authority

All moneys of the authority from
  whatever source derived shall be paid to the treasurer of the  authority
  and  shall be deposited forthwith in interest bearing accounts 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, the
  state or of the towns 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  authority  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 authority 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.  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. Any moneys of the authority not  required  for  immediate
  use or disbursement may, at the discretion of the authority, 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 authority shall prescribe a system of accounts.