§ 1149-j. Moneys of the authority. All moneys of the authority from
whatever source derived shall be paid to the treasurer of the authority
and shall be deposited forthwith in one or more banks and/or trust
companies in the state designated by the authority. The moneys in such
accounts shall be paid out on checks of the treasurer upon requisition
by the board or of such other person or persons as the authority may
authorize to make such requisitions.

All deposits of such moneys shall be secured by obligations of (or
guaranteed by) the United States or of the state or of the county of a
market value equal at all times to the amount on deposit and all banks
and trust companies are authorized to give such security for such
deposits. Any moneys of the authority not required for immediate use or
disbursement may, at the discretion of the authority, be invested in
those obligations specified pursuant to the provisions of section
ninety-eight-a of the state finance law.

The authority shall have power, notwithstanding the provisions of this
section, to contract with the holders of any bonds as to the custody,
collection, security, investment and payment of any moneys of the
authority or any moneys held in trust or otherwise for the payment of
bonds or any way to secure bonds. 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 secured in the same manner as moneys of the authority and
all banks and trust companies are authorized to give such security for
such deposits.