§ 647. Jurisdiction over trust. 1. The trust shall not be deemed a
"covered organization" as defined in the New York state financial
emergency act for the city of New York.

2. The department of investigation of the city shall be authorized to
conduct investigations relating to the trust pursuant to chapter
thirty-four of the New York city charter.

3. The comptroller of the city, or his or her legally authorized
representative, is hereby authorized and empowered from time to time to
examine the books and accounts of the trust including its receipts,
disbursements, contracts, reserve funds, sinking funds, investments, and
any other matters relating to its financial standing.