§ 2446. Moneys of the agency. (1) Subject to any agreement with
bondholders or noteholders or except as otherwise authorized or provided
in this act, all moneys of the agency from whatever source derived shall
be paid to the comptroller of the agency and shall be invested in any
investments approved or authorized in accordance with the provisions of
section ninety-eight of the state finance law. The moneys in such
accounts shall be paid by the comptroller or other agent duly designated
by the agency on requisition of the chairman of the agency or of such
other person or persons as the agency may authorize to make such
requisitions. All deposits of such moneys, shall, if required by the
agency, be secured by (i) obligations of the United States of America or
of 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 or (ii) in such other manner as the agency
may require. The obligations securing such deposits shall either be
deposited with the comptroller of the agency or be held by a trustee or
agent satisfactory to the agency. The comptroller or 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.

(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.