N.Y. Public Authorities Law § 1207-f: Bonds and notes legal investments for fiduciaries

§ 1207-f. Bonds and notes legal investments for fiduciaries. The

bonds and notes of the authority 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 and

other persons carrying on an insurance business, all banks, bankers,

trust companies, savings banks and savings associations, including

savings and loan associations, building and loan associations,

investment companies and other persons carrying on a banking business,

all 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. Notwithstanding any other provisions of

law, the bonds and notes of the authority are also hereby made

securities which may be deposited with and shall be received by all

public officers and bodies of this state and all municipalities and

municipal subdivisions for any purpose for which the deposit of bonds or

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