Section 2714. Moneys of the authority

1. All moneys of the authority from
  whatever source derived, except as otherwise authorized or  provided  in
  this  title,  shall  be  paid  to  the  authority and shall be deposited
  forthwith in a bank or banks in the state designated by  the  authority.
  The  moneys  in  such  accounts  shall be withdrawn on the order of such
  person or persons as the authority may authorize. All deposits  of  such
  moneys shall, if required by the authority, be secured in such manner as
  the  authority  may  determine.  The  state  comptroller 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.
  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  authority,  in  lieu  of  such  an  examination,  an  external
  examination  of  its  books  and  accounts  made  at  the request of the
  authority.
    2. Notwithstanding any other provisions of this title related  to  the
  investment of moneys of the authority, the authority shall have power to
  contract  with  holders  of  any  of  its  bonds,  as  to  the  custody,
  collection, securing, investment, and  payment  of  any  moneys  of  the
  authority,  of  any moneys held in trust or otherwise for the payment of
  bonds, and to carry out 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  invested,  secured in such manner as shall be set
  forth in such contract or agreement, and all banks and  trust  companies
  are  authorized  to give such security for such deposits.  The authority
  shall establish and may amend from time  to  time,  guidelines  for  the
  investment  of its moneys, including those held in trust for the benefit
  of the  holders  of  bonds,  and  shall  file  such  guidelines  in  the
  authority's  public records within sixty days after the adoption of such
  guidelines or amendments thereto.
    3. Subject to the provisions of any  agreement  with  the  holders  of
  bonds  and  to  the  approval  of  the  comptroller, the authority shall
  prescribe a system of accounts.
    4. The authority shall submit to the comptroller, within  thirty  days
  of  the  receipt thereof by the authority, a copy of the report of every
  external examination of the books and accounts of the authority.