N.Y. Educ. Law § 6272

§ 6272. Fund continued. The city university construction fund\ncreated by chapter seven hundred eighty-two of the laws of nineteen\nhundred sixty-six is hereby continued. The fund is a corporate\ngovernmental agency constituting a public benefit corporation. It has\nthe powers and privileges of a corporation and all of its business shall\nbe transacted, all funds invested, all warrants for money drawn and\npayments made, and all cash and securities and other personal property\nheld under its corporate name. For all purposes of this article and the\ndormitory authority act, the fund shall be deemed to be an "educational\ninstitution."\n