N.Y. Public Authorities Law § 2799-kk: Bonds legal for investment and deposit

§ 2799-kk. Bonds legal for investment and deposit. The bonds of the

authority are hereby made securities in which all public officers and

bodies of the state and all public corporations, 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, conservators, guardians, executors, trustees and

other fiduciaries, and all other persons whatsoever who are now or may

hereafter be authorized to invest in bonds or in 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 and public

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

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