N.Y. Public Authorities Law § 2414: Bonds and notes as legal investments for public officers and fiduciaries

§ 2414. Bonds and notes as legal investments for public officers and

fiduciaries. The bonds and notes of the agency 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. The bonds and notes 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 this state is now or may hereafter be authorized.