N.Y. Retirement & Social Security Law § 177-a: Investment in certain conventional mortgages

§ 177-a. Investment in certain conventional mortgages.

Notwithstanding any provision contained in this chapter or any other

general, special or local law or code to the contrary, within the

limitations authorized for investment in conventional mortgages, the

trustees of the fund may invest a part of its assets in first mortgages

on real property located anywhere within the boundaries of the United

States.