§ 2415. Moneys of the agency. (1) All moneys of the agency from
whatever source derived, except as otherwise authorized or provided in
this title, shall be paid to the treasurer of the agency and shall be
deposited forthwith in a bank or banks in the state designated by the
agency. The moneys in such accounts shall be withdrawn on the order of
such person or persons as the agency may authorize. All deposits of such
moneys shall, if required by the agency, be secured in such manner as
the agency may determine. The comptroller and 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. 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
agency, in lieu of such an examination, an external examination of its
books and accounts made at the request of the agency, within thirty days
after receipt by the agency, the agency shall submit a copy of the
report of every external examination of the books and accounts of the
agency with respect to insurance contracts, other than copies of the
reports of such examinations made by the comptroller.

(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.