N.Y. Public Authorities Law § 1199-llll: Bonds legal investments for fiduciaries

* § 1199-llll. 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 now 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 the state

and all municipalities for any purposes for which the deposit of bonds

or other obligations of the state is now or hereafter may be authorized.

* NB There are 2 § 1199-llll's