Section 2506. Moneys of the authority

1. Subject to the provisions of
  this title, the members of the authority shall receive, accept,  invest,
  administer,  expend  and  disburse for its corporate purposes all monies
  for the authority from whatever sources derived.
    2. The monies of the authority shall be paid to the comptroller as the
  agent of the authority, who shall designate depositories and  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
  account  or  accounts  shall be paid out on checks by the comptroller on
  requisitions of the chairman of the board of directors of the  authority
  or  of  such  other  person or persons as the authority may authorize to
  make such requisitions after audit by  the  comptroller  in  the  manner
  provided  by  the  New  York  city  charter. All deposits of such moneys
  shall, if required by the comptroller or the authority,  be  secured  by
  obligations  of  the  United  States or of the state or of the city of a
  market value equal at all times to the amount of the  deposit,  and  all
  bank  and  trust companies are authorized to give such security for such
  deposits. The comptroller and his legally authorized representative  are
  authorized  and  empowered from time to time to examine the accounts and
  books  of  the  authority,  including   its   receipts,   disbursements,
  contracts, leases, investments and any other records and papers relating
  to its financial standing.
    * NB (Discontinued-Board of Directors never appointed)