2539 - Resources of the corporation.

§ 2539. Resources of the corporation. (a) Subject to the provisions of  this  title,  the  directors  of  the corporation shall receive, accept,  invest, administer, expend and disburse for its corporate  purposes  all  monies  for  the corporation from whatever sources derived including (1)  payments by the city  or  by  the  state  comptroller  pursuant  to  the  provisions  of sections twenty-five hundred thirty-seven and twenty-five  hundred forty of this title; and  (2)  any  other  payments,  gifts,  or  appropriations to the fund from any other source.    (b)  The monies of the corporation shall be paid to the comptroller as  agent of the corporation who shall not commingle such  monies  with  any  other monies. Subject to the provisions of any contract with noteholders  or  bondholders,  all  corporation  monies  received  by the corporation  which, together with other monies of the corporation available  for  the  operating  expenses  of  the  corporation  including the payment of debt  service and payments to the capital  reserve  fund,  exceed  the  amount  required  for  such  purposes  shall  be  transferred to the city on the  fifteenth day of February.    (c) The monies in any of the corporation's accounts shall be paid  out  on  checks  signed by the comptroller on requisitions of the chairman of  the directors of the corporation or of such other officer or employee as  the directors shall authorize to make such requisition.    (d) The comptroller or his  legally  authorized  representative,  from  time  to  time  may  examine  the books and accounts of the corporation,  including its receipts, disbursements, contracts, reserves, investments,  and any other matters  relating  to  its  financial  standing.  Such  an  examination  shall  be  conducted by the comptroller at least once every  five years; in lieu of such an examination, the comptroller  may  accept  from  the  corporation an external examination of the books and accounts  made at the request of the directors of the corporation.