N.Y. PBA Law § 2551

This is the official text of N.Y. PBA Law § 2551, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.

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Bonds or notes legal investments for public authorities

Official statutory text

§ 2551. Bonds or notes legal investments for public authorities.\nBonds and notes of the corporation are hereby declared to be legal\ninvestments for monies of public corporations of the state of New York\nand may be used to secure deposits of monies of such corporations in\nbanks or trust companies authorized to do business in the state of New\nYork.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.