Section 2314. 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.  All
  deposits of such moneys shall, if  required  by  the  treasurer  or  the
  authority,  be  secured by obligations of the United States or the state
  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.