§ 560. Moneys of the authority. All moneys of the authority from
whatever source derived shall be deposited as soon as practicable in
banks or trust companies to be designated by the authority. All deposits
of such moneys shall, if required by the authority, be secured by
obligations of the United States or of the state of New York or of the
city of New York 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. The comptroller and his legally
authorized representatives are hereby 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 matters relating to its financial standing.
The authority shall have power notwithstanding the provisions of this
section, to contract with the holders of any of its bonds as to the
custody, collection, securing, investment and payment of any moneys of
the authority, or any moneys held in trust or otherwise for the payment
of bonds or in any way to secure bonds, and to carry out any such
contract notwithstanding that such contract may be inconsistent with the
previous provisions of this section. 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.