N.Y. Arts and Cultural Affairs Law § 59.17: Bonds legal investments for fiduciaries

§ 59.17. Bonds legal investments for fiduciaries. The bonds are hereby

made securities in which all public officers and bodies of this state

and all municipalities and municipal subdivisions, all insurance

companies and associations, all savings banks and savings institutions,

including savings and loan associations, administrators, guardians,

executors, trustees and other fiduciaries in the state may properly and

legally invest funds in their control.