N.Y. Public Authorities Law § 3637: Bonds; legal investments for fiduciaries

§ 3637. Bonds; legal investments 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 savings

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.