Section 2053-M. 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  the county 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 to 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
  ways  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, as amended from time to time. Subject to the provisions of
  any contract with bondholders and with the approval of the  comptroller,
  the authority shall prescribe a system of accounts.