N.Y. Bridges and Tunnels New York/New Jersey 47/31 § 13: No title

§ 13. The bonds or other securities or obligations which may be issued

or incurred by the port authority pursuant to this act, or as security

for which there may be pledged the tolls and other revenues or any part

thereof of any vehicular bridge or tunnel (including the said Holland

tunnel and the said Midtown Hudson tunnel) now or hereafter authorized

by the two said states or both so issued or incurred and so secured, are

hereby made securities in which all state and municipal officers and

bodies, all banks, bankers, trust companies, savings banks, savings and

loan associations, investment companies and other persons carrying on a

banking business, all insurance companies, insurance associations and

other persons carrying on an insurance business, and all administrators,

executors, guardians, trustees and other fiduciaries and all other

persons whatsoever who are now or may hereafter be authorized to invest

in bonds or other obligations of the state, may properly and legally

invest any funds, including capital, belonging to them or within their

control; and said bonds or other securities or obligations are hereby

made securities which may properly and legally be deposited with and

shall be received by any state or municipal officer or agency for any

purpose for which the deposit of bonds or other obligations of this

state is now or may hereafter be authorized.