N.Y. Public Authorities Law § 1132*2: Bonds legal investments for fiduciaries

* § 1132. Bonds legal investments for fiduciaries. The bonds of the

authority are hereby made securities in which all public officials and

bodies of the state and all municipalities, all insurance companies and

associations and other persons carrying on an insurance business, all

banks, bankers, trust companies, savings banks and savings associations,

including savings and loan associations, investment companies and other

persons carrying on a banking business, and administrators, guardians,

executors, trustees and other fiduciaries and all other persons

whatsoever, who are not or may hereafter be authorized to invest in

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

funds including capital in their control or belonging to them. The bonds

are also hereby made securities which may be deposited with and may be

received by all public officers and bodies of this state and all

municipalities for any purposes for which the deposit of bonds or other

obligations of this state is now or hereafter may be authorized.

* NB There are 2 § 1132's