N.Y. UDR Law § 21

§ 21. Monies of the corporation. (1) The corporation shall have power\nto contract with the holders of any of its bonds or notes, as to the\ncustody, collection, securing, investment, and payment of any monies of\nthe corporation, of any monies held in trust or otherwise for the\npayment of bonds or notes, and to carry out such contract. Monies held\nin trust or otherwise for the payment of bonds and notes or in any way\nto secure bonds or notes and deposits of such monies may be secured by\nobligations of the United States or the state of a market value equal at\nall times to the amount of the deposit and all banks and trust companies\nare authorized to give such security for such deposits.\n (2) Subject to agreements with bondholders and noteholders, the\ncorporation shall prescribe a system of accounts.\n (3) The comptroller, or his legally authorized representative, is\nhereby authorized and empowered from time to time to examine the books\nand accounts of the corporation including its receipts, disbursements,\ncontracts, reserve funds, sinking funds, investments, and any other\nmatters relating to its financial standing.\n (4) The corporation shall submit to the governor, chairman of the\nsenate finance committee, chairman of the assembly ways and means\ncommittee and the comptroller,\n (a) within thirty days of the receipt thereof by the corporation, a\ncopy of the report of every external examination of the books and\naccounts of the corporation other than copies of the reports of such\nexaminations made by the comptroller;\n (b) within ninety days after the end of its fiscal year, a complete\nand detailed report setting forth: (1) its operations and\naccomplishments; (2) its receipts and expenditures during such fiscal\nyear in accordance with the categories or classifications established by\nthe corporation for its operating and capital outlay purposes, including\na listing of all private consultants engaged by the corporation on a\ncontract basis and a statement of the total amount paid to each such\nprivate consultant; (3) its assets and liabilities at the end of its\nfiscal year, including a schedule of its leases and other commitments\nand the status of reserve, special or other funds; and (4) a schedule of\nits bonds and notes outstanding at the end of its fiscal year, together\nwith a statement of the amounts redeemed and incurred during such fiscal\nyear.\n