Section 2415. Moneys of the agency

(1)  All moneys of the agency from
  whatever source derived, except as otherwise authorized or  provided  in
  this  title,  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
  agency.  The  moneys in such accounts shall be withdrawn on the order of
  such person or persons as the agency may authorize. All deposits of such
  moneys shall, if required by the agency, be secured in  such  manner  as
  the  agency  may  determine.  The comptroller and his legally authorized
  representatives are authorized  and  empowered  from  time  to  time  to
  examine  the  accounts  and books of the agency, including its receipts,
  disbursements, contracts, leases, sinking  funds,  investments  and  any
  other  records  and  papers  relating to its financial standing. Such an
  examination shall be conducted by the comptroller at least once in every
  five years; the comptroller is authorized, however, to accept  from  the
  agency,  in  lieu of such an examination, an external examination of its
  books and accounts made at the request of the agency, within thirty days
  after receipt by the agency, the agency  shall  submit  a  copy  of  the
  report  of  every  external examination of the books and accounts of the
  agency with respect to insurance contracts, other  than  copies  of  the
  reports of such examinations made by the comptroller.
    (2) The agency 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 agency, 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 agency, and all banks
  and trust companies are  authorized  to  give  such  security  for  such
  deposits.
    (3)  Subject  to  the  provisions  of any contract with bondholders or
  noteholders and to the approval of the  comptroller,  the  agency  shall
  prescribe a system of accounts.
    (4)  The  agency  shall submit to the governor, chairman of the senate
  finance committee, chairman of the assembly ways and means committee and
  the comptroller, within thirty  days  of  the  receipt  thereof  by  the
  agency,  a copy of the report of every external examination of the books
  and accounts of the agency other than copies  of  the  reports  of  such
  examinations made by the comptroller.