§ 69. Duties of treasurer. The treasurer shall demand, collect,
receive and have the care and custody of and shall disburse all moneys
belonging to or due the city from every source, except as otherwise
provided by law. All moneys of the city received by the treasurer shall
be deposited and secured by him daily in such depositaries as shall be
designated by the board of estimate and apportionment in the manner
provided by section ten of the general municipal law. The interest, if
any, on all deposits shall be the property of the city and shall be
accounted for and credited to the appropriate fund. No money shall be
drawn from a city depository except on checks signed by the treasurer
and countersigned by the comptroller and made payable to the person
entitled to receive the same. He shall at no time permit any fund to be
overdrawn, nor draw upon one fund to pay a claim chargeable to another.
No money shall be paid out by him except upon the warrant of the
comptroller. He shall render to the comptroller at the end of each
day's business a detailed statement of all moneys received and paid out
by him. He shall perform such other duties, as may from time to time be
prescribed by law, or by ordinance of the common council, not
inconsistent with the provisions of this chapter, or the laws of the
state. By resolution duly adopted, the common council or other
legislative body of the city, may determine to enter into a contract to
provide for the deposit of the periodic payroll of the city in a bank or
trust company for disbursal by it in accordance with provisions of
section ninety-six-b of the banking law.