N.Y. Public Authorities Law § 664: Notes and bonds legal investments for public officers and fiduciaries

§ 664. Notes and bonds legal investments for public officers and

fiduciaries. The notes and bonds 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 saving 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 notes and bonds or other obligations of the

state, may properly and legally invest funds including capital in their

control or belonging to them. The notes and bonds are also hereby made

securities which may be deposited with and shall 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 notes

and bonds or other obligations of this state is now or may hereafter be

authorized.