N.Y. Public Authorities Law § 1808: Bonds and notes of the authority legal investments for fiduciaries

§ 1808. Bonds and notes of the authority legal investments for

fiduciaries. The bonds and notes of the authority are hereby made

securities in which all public officers and bodies of the 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, savings associations,

including savings and loan associations and 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 who

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 provision

of law, the bonds and notes of the authority 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 and municipal

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

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