N.Y. Private Housing Finance Law § 59-b: Affordable housing development account

§ 59-b. Affordable housing development account. The affordable housing

corporation created by section forty-five-b of this chapter shall create

and establish a special account to be known as the affordable housing

development account and shall pay into such account any moneys which may

be made available to such corporation for the purposes of such account

from any source including but not limited to moneys appropriated by and

made available pursuant to appropriation by the state and any income or

interest earned by, or increment to, the account due to the investment

thereof or loans made pursuant to article nineteen of this chapter. The

moneys held in or credited to the affordable housing development account

established under this section shall be expended solely to carry out the

provisions of article nineteen of this chapter.