§ 34. General powers and duties of the fund. The fund shall have the
following powers in addition to those specifically conferred elsewhere
in this article:

1. To sue and be sued;

2. To have a seal and alter the same at pleasure;

3. To make and alter by-laws for its organization and internal
management;

4. With the approval of the comptroller, to prescribe a system of
accounts;

5. To make rules and regulations governing the exercise of its
corporate powers and the fulfillment of its corporate purposes under
this article, which rules and regulations shall be filed with the
secretary of state in the manner provided by section one hundred two of
the executive law;

6. To make and execute contracts, lease agreements, and all other
instruments necessary or convenient for the exercise of its corporate
powers and the fulfillment of its corporate purposes under this article;

7. To do any and all things necessary or convenient to carry out its
corporate purposes and exercise the powers given and granted to it in
this article.