N.Y. Pub. Auth. Law § 2636

§ 2636. Moneys of the commission. All moneys of the commission from\nwhatever source derived shall be paid to the treasurer and shall be\ndeposited forthwith in one or more banks and/or trust companies in the\nstate designated by the commission. The moneys in such accounts shall be\npaid out on checks of the treasurer upon requisition by the chairman of\nthe commission or of such other officer or officers as the commission\nmay authorize to make such requisitions. All deposits of such moneys\nshall be secured by obligations of or guaranteed by the United States of\nAmerica or of the state of a market value equal at all times to the\namount on deposit and all banks and trust companies are authorized to\ngive such security for such deposits. Any moneys of the commission not\nrequired for immediate use or disbursement may, at the discretion of the\ncommission, be invested in those obligations specified pursuant to the\nprovisions of section ninety-eight-a of the state finance law.\n