N.Y. Public Authorities Law § 3564: Bonds; legal investment for fiduciaries

§ 3564. Bonds; legal investment for fiduciaries. The bonds of the

corporation are hereby made securities in which all public officers 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 saving associations,

including savings and loan associations, building 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 this state is now or hereafter

may be authorized.