Section 1773. Bonds and notes legal investments

The bonds and notes of the
  authority are hereby made securities in which all  public  officers  and
  bodies  of  the  state and all municipalities and municipal subdivisions
  thereof, all insurance companies  and  associations  and  other  persons
  carrying  on an insurance business, all banks, bankers, trust companies,
  savings banks and  savings  associations,  including  savings  and  loan
  associations,  building  and loan associations, investment companies and
  other persons  carrying  on  a  banking  business,  all  administrators,
  guardians,  executors,  trustees  and  other  fiduciaries, and all other
  persons whatsoever who are now, or may hereafter be authorized to invest
  in bonds or other obligations of the state,  may  properly  and  legally
  invest  funds, including capital, in their control or belonging to them.
  Notwithstanding any other provisions of law, the bonds and notes of  the
  authority  are  also  hereby made securities which may be deposited with
  and may be received by all public officers and bodies of  the  state  of
  New  York  and all municipalities and municipal subdivisions thereof for
  any purpose for which the deposit of bonds or other obligations  of  the
  state is now, or may hereafter be, authorized.