N.Y. Pub. Auth. Law § 2480

* § 2480. Bonds and notes as legal investments for public officers and\nfiduciaries. The bonds and notes of the authority are hereby made\nsecurities in which all public officers and bodies of this state and all\npolitical subdivisions thereof, all insurance companies and associations\nand other persons carrying on an insurance business, all banks, bankers,\ntrust companies, savings banks and savings associations, including\nsavings and loan associations, building and loan associations,\ninvestment companies and other persons carrying on a banking business,\nall administrators, guardians, executors, trustees and other\nfiduciaries, and all other persons who are now or may hereafter be\nauthorized to invest in bonds or other obligations of the state, may\nproperly and legally invest funds including capital in their control or\nbelonging to them. The bonds and notes are also hereby made securities\nwhich may be deposited with and may be received by all public officers\nand bodies of this state and all political subdivisions thereof for any\npurpose for which the deposit of bonds or other obligations of this\nstate is now or may hereafter be authorized.\n * NB (Disbanded March, 1980)\n