648 – Effect of Inconsistent Provisions.
§ 648. Effect of inconsistent provisions. Insofar as the provisions of this article are inconsistent with the provisions of any other law, general, special or local or of the New York city charter or any local law, ordinance or resolution of the city, the provision of this article shall be controlling, provided that nothing contained […]
649 – Severability.
§ 649. Severability. If any provision of this article or its application to any person or circumstance is held unconstitutional or invalid, in whole or in part, by any court, such holding of unconstitutionality or invalidity shall in no way affect or impair any other provision of this article or the application of any such […]
642 – Civil Service and Pension System Membership.
§ 642. Civil service and pension system membership. 1. The trust, for the purpose of administering the civil service law, shall be subject to the provisions of the civil service law and the rules of the city department of citywide administrative services or any successor acting as the municipal commission of the city. The president […]
643 – Collective Negotiation.
§ 643. Collective negotiation. 1. The city of New York collective bargaining law shall apply to the trust. 2. For the purpose of article fourteen of the civil service law and the New York city collective bargaining law, as applicable, the trust, acting by and through its president, shall be deemed to be the public […]
644 – Application of State and Local Human Rights Laws.
§ 644. Application of state and local human rights laws. Notwithstanding any provision of law to the contrary, article fifteen of the executive law and title eight of the administrative code of the city of New York shall apply to the trust.
645 – Limited Liability.
§ 645. Limited liability. 1. As used in this section, the term “employee” shall mean the members of the board, president, officers, employees, or a former employee, his or her estate or judicially appointed personal representative. 2. Neither the members of the board nor any officers or employee of the trust acting on behalf thereof, […]
646 – Audit and Annual Reports.
§ 646. Audit and annual reports. The trust shall have an internal audit function and shall annually prepare and submit reports as required by this section, provided that no report shall be required during the earlier of the first year after the trust commences its operations or one year and nine months after the effective […]
647 – Jurisdiction Over Trust.
§ 647. Jurisdiction over trust. 1. The trust shall not be deemed a “covered organization” as defined in the New York state financial emergency act for the city of New York. 2. The department of investigation of the city shall be authorized to conduct investigations relating to the trust pursuant to chapter thirty-four of the […]
638 – Resources of the Trust.
§ 638. Resources of the trust. 1. Subject to the provisions of this article, the members of the board shall receive, accept, invest, administer, expend and disburse for its corporate purposes all money of the trust from whatever sources derived including (a) the proceeds of bonds, notes and other obligations, and (b) any other payments, […]
639 – Legal Investment and Deposit.
§ 639. Legal investment and deposit. The bonds, notes or other obligations of the trust are hereby made securities in which all public officers and bodies of the state and all public corporations, municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, […]