N.Y. Second Class Cities Law § 69: Duties of treasurer

§ 69. Duties of treasurer. The treasurer shall demand, collect,

receive and have the care and custody of and shall disburse all moneys

belonging to or due the city from every source, except as otherwise

provided by law. All moneys of the city received by the treasurer shall

be deposited and secured by him daily in such depositaries as shall be

designated by the board of estimate and apportionment in the manner

provided by section ten of the general municipal law. The interest, if

any, on all deposits shall be the property of the city and shall be

accounted for and credited to the appropriate fund. No money shall be

drawn from a city depository except on checks signed by the treasurer

and countersigned by the comptroller and made payable to the person

entitled to receive the same. He shall at no time permit any fund to be

overdrawn, nor draw upon one fund to pay a claim chargeable to another.

No money shall be paid out by him except upon the warrant of the

comptroller. He shall render to the comptroller at the end of each

day's business a detailed statement of all moneys received and paid out

by him. He shall perform such other duties, as may from time to time be

prescribed by law, or by ordinance of the common council, not

inconsistent with the provisions of this chapter, or the laws of the

state. By resolution duly adopted, the common council or other

legislative body of the city, may determine to enter into a contract to

provide for the deposit of the periodic payroll of the city in a bank or

trust company for disbursal by it in accordance with provisions of

section ninety-six-b of the banking law.