N.Y. PBA Law § 2799-KK

§ 2799-kk. Bonds legal for investment and deposit. The bonds of the\nauthority are hereby made securities in which all public officers and\nbodies of the state and all public corporations, municipalities and\nmunicipal subdivisions, all insurance companies and associations and\nother persons carrying on an insurance business, all banks, bankers,\ntrust companies, savings banks and savings associations including\nsavings and loan associations, building and loan associations,\ninvestment companies and other persons carrying on a banking business,\nall administrators, conservators, guardians, executors, trustees and\nother fiduciaries, and all other persons whatsoever who are now or may\nhereafter be authorized to invest in bonds or in other obligations of\nthe state, may properly and legally invest funds, including capital, in\ntheir control or belonging to them. The bonds are also hereby made\nsecurities which may be deposited with and may be received by all public\nofficers and bodies of the state and all municipalities and public\ncorporations for any purpose for which the deposit of bonds or other\nobligations of the state is now or may hereafter be authorized.\n