N.Y. Banking Law § 490-j

§ 490-j. Powers of credit unions with respect to agreement. Any credit\nunion organized under the provisions of this chapter shall have the\npower to become a party to the agreement provided for by this article,\nand to take all actions authorized or required by the terms of such\nagreement and to pay all contributions provided for therein. Any such\ncontributions paid into the fund by any party to such agreement may be\ncarried on its books by such party as an asset to the extent authorized\nby the superintendent.\n