N.Y. Public Housing Law § 647: Jurisdiction over trust

§ 647. Jurisdiction over trust. 1. The trust shall not be deemed a

"covered organization" as defined in the New York state financial

emergency act for the city of New York.

2. The department of investigation of the city shall be authorized to

conduct investigations relating to the trust pursuant to chapter

thirty-four of the New York city charter.

3. The comptroller of the city, or his or her legally authorized

representative, is hereby authorized and empowered from time to time to

examine the books and accounts of the trust including its receipts,

disbursements, contracts, reserve funds, sinking funds, investments, and

any other matters relating to its financial standing.