§ 204. Appointment of supervising agency. The local legislative body
of a city is hereby authorized by general ordinance or local law to
appoint, establish or designate the chief financial officer of the city
or some other official or bureau, commission or agency as the person or
body to exercise the powers and perform the duties held by or incumbent
upon a supervising agency pursuant to this article, except that if there
is a board of estimate in the city no such appointment, establishment or
designation shall be made and the board of estimate shall exercise such
powers and perform such duties or may delegate one or more of them to
the chief financial officer of the city or to some other official,
bureau, commission or agency.