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<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/nmfp2 eis_NMFP2_Filer.xsd" xmlns="http://www.sec.gov/edgar/nmfp2" xmlns:common="http://www.sec.gov/edgar/common" xmlns:nmfp2common="http://www.sec.gov/edgar/nmfp2common" xmlns:statecodes="http://www.sec.gov/edgar/statecodes" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>N-MFP2</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000097098</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <notifications></notifications>
      <notifications></notifications>
      <notifications></notifications>
      <notifications></notifications>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo>
      <reportDate>2017-11-30</reportDate>
      <cik>0000097098</cik>
      <seriesId>S000001473</seriesId>
      <totalShareClassesInSeries>3</totalShareClassesInSeries>
      <finalFilingFlag>N</finalFilingFlag>
      <fundAcqrdOrMrgdWthAnthrFlag>N</fundAcqrdOrMrgdWthAnthrFlag>
    </generalInfo>
    <seriesLevelInfo>
      <securitiesActFileNumber>002-47015</securitiesActFileNumber>
      <adviser>
        <adviserName>BlackRock Advisors, LLC</adviserName>
        <adviserFileNumber>801-47710</adviserFileNumber>
      </adviser>
      <indpPubAccountant>
        <name>Deloitte &amp; Touche LLP</name>
        <city>Philadelphia</city>
        <stateCountry>PA</stateCountry>
      </indpPubAccountant>
      <administrator>
        <administratorName>BlackRock Advisors, LLC.</administratorName>
      </administrator>
      <administrator>
        <administratorName>JPMorgan Chase Bank, N.A.</administratorName>
      </administrator>
      <transferAgent>
        <name>BNY Mellon Investment Servicing (US) Inc.</name>
        <cik>0000849542</cik>
        <fileNumber>084-01761</fileNumber>
      </transferAgent>
      <feederFundFlag>N</feederFundFlag>
      <masterFundFlag>N</masterFundFlag>
      <seriesFundInsuCmpnySepAccntFlag>N</seriesFundInsuCmpnySepAccntFlag>
      <moneyMarketFundCategory>Single State</moneyMarketFundCategory>
      <fundExemptRetailFlag>Y</fundExemptRetailFlag>
      <averagePortfolioMaturity>6</averagePortfolioMaturity>
      <averageLifeMaturity>6</averageLifeMaturity>
      <totalValueDailyLiquidAssets>
        <nmfp2common:fridayDay1>2075117.63</nmfp2common:fridayDay1>
        <nmfp2common:fridayDay2>2684308.68</nmfp2common:fridayDay2>
        <nmfp2common:fridayDay3>2918395.96</nmfp2common:fridayDay3>
        <nmfp2common:fridayDay4>2918972.19</nmfp2common:fridayDay4>
      </totalValueDailyLiquidAssets>
      <totalValueWeeklyLiquidAssets>
        <nmfp2common:fridayWeek1>16985034.67</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>17696906.60</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>18129032.84</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>19032772.96</nmfp2common:fridayWeek4>
      </totalValueWeeklyLiquidAssets>
      <percentageDailyLiquidAssets>
        <nmfp2common:fridayDay1>0.1222</nmfp2common:fridayDay1>
        <nmfp2common:fridayDay2>0.1517</nmfp2common:fridayDay2>
        <nmfp2common:fridayDay3>0.1610</nmfp2common:fridayDay3>
        <nmfp2common:fridayDay4>0.1534</nmfp2common:fridayDay4>
      </percentageDailyLiquidAssets>
      <percentageWeeklyLiquidAssets>
        <nmfp2common:fridayWeek1>1.0000</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>1.0000</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>1.0000</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>1.0000</nmfp2common:fridayWeek4>
      </percentageWeeklyLiquidAssets>
      <cash>1958.52</cash>
      <totalValuePortfolioSecurities>19600000.00</totalValuePortfolioSecurities>
      <amortizedCostPortfolioSecurities>19600000.00</amortizedCostPortfolioSecurities>
      <totalValueOtherAssets>97821.15</totalValueOtherAssets>
      <totalValueLiabilities>92932.32</totalValueLiabilities>
      <netAssetOfSeries>19606847.35</netAssetOfSeries>
      <numberOfSharesOutstanding>19606837.33</numberOfSharesOutstanding>
      <stablePricePerShare>1.0000</stablePricePerShare>
      <sevenDayGrossYield>0.0096</sevenDayGrossYield>
      <netAssetValue>
        <nmfp2common:fridayWeek1>1.0000</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>1.0000</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>1.0000</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>1.0000</nmfp2common:fridayWeek4>
      </netAssetValue>
    </seriesLevelInfo>
    <classLevelInfo>
      <classesId>C000003909</classesId>
      <minInitialInvestment>3000000.00</minInitialInvestment>
      <netAssetsOfClass>19079880.42</netAssetsOfClass>
      <numberOfSharesOutstanding>19079870.67</numberOfSharesOutstanding>
      <netAssetPerShare>
        <nmfp2common:fridayWeek1>1.0000</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>1.0000</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>1.0000</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>1.0000</nmfp2common:fridayWeek4>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>646985.11</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>613307.14</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>709965.60</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>674558.40</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>254163.60</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>909585.72</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>421.81</weeklyGrossRedemptions>
      </fridayWeek4>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>3058115.74</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>881737.39</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0076</sevenDayNetYield>
      <personPayForFundFlag>Y</personPayForFundFlag>
      <nameOfPersonDescExpensePay>BlackRock Advisors, LLC, Management Fees, 5418.28;
                  BlackRock Advisors, LLC, Expenses Reimbursed, 12026.02;</nameOfPersonDescExpensePay>
    </classLevelInfo>
    <classLevelInfo>
      <classesId>C000003914</classesId>
      <minInitialInvestment>1.00</minInitialInvestment>
      <netAssetsOfClass>196513.75</netAssetsOfClass>
      <numberOfSharesOutstanding>196513.65</numberOfSharesOutstanding>
      <netAssetPerShare>
        <nmfp2common:fridayWeek1>1.0000</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>1.0000</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>1.0000</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>1.0000</nmfp2common:fridayWeek4>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>251.14</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.02</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>0.01</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.01</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.01</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.01</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>0.01</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.01</weeklyGrossRedemptions>
      </fridayWeek4>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>251.16</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.05</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>Y</personPayForFundFlag>
      <nameOfPersonDescExpensePay>BlackRock Advisors, LLC, Management Fees, 60.60;
                  BlackRock Advisors, LLC, Expenses Reimbursed, 134.75;
                  BlackRock Investments, LLC, Service/Distribution Fees, 18.20;</nameOfPersonDescExpensePay>
    </classLevelInfo>
    <classLevelInfo>
      <classesId>C000003910</classesId>
      <minInitialInvestment>1.00</minInitialInvestment>
      <netAssetsOfClass>330453.18</netAssetsOfClass>
      <numberOfSharesOutstanding>330453.01</numberOfSharesOutstanding>
      <netAssetPerShare>
        <nmfp2common:fridayWeek1>1.0000</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>1.0000</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>1.0000</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>1.0000</nmfp2common:fridayWeek4>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>225.54</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.04</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.01</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.01</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.01</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.01</weeklyGrossRedemptions>
      </fridayWeek4>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>225.89</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.04</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0028</sevenDayNetYield>
      <personPayForFundFlag>Y</personPayForFundFlag>
      <nameOfPersonDescExpensePay>BlackRock Advisors, LLC, Management Fees, 101.71;
                  BlackRock Advisors, LLC, Expenses Reimbursed, 226.53;
                  BlackRock Investments, LLC, Service/Distribution Fees, 100.79;</nameOfPersonDescExpensePay>
    </classLevelInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Albany Industrial Development Agency</nameOfIssuer>
      <titleOfIssuer>Albany Industrial Development Agency 1.040</titleOfIssuer>
      <CUSIPMember>012440FP3</CUSIPMember>
      <ISINId>US012440FP33</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2027-05-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>KEYBANK NATIONAL ASSOCIATION</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-2</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0094</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>730000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>730000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0372</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Nuveen New York AMT-Free Municipal Income Fund</nameOfIssuer>
      <titleOfIssuer>Nuveen New York AMT-Free Municipal Income Fund 1.050</titleOfIssuer>
      <CUSIPMember>670656602</CUSIPMember>
      <LEIID>549300V4X2BF3UXSCQ58</LEIID>
      <ISINId>US6706566022</ISINId>
      <investmentCategory>Investment Company</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>P-1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2040-12-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>CITIBANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0105</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>500000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>500000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0255</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Amherst Development Corp.</nameOfIssuer>
      <titleOfIssuer>Amherst Development Corp. 1.020</titleOfIssuer>
      <CUSIPMember>03135PAA4</CUSIPMember>
      <ISINId>US03135PAA49</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2035-02-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>MANUFACTURERS AND TRADERS TRUST</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0145</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>600000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>600000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0306</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>East Rochester Housing Authority</nameOfIssuer>
      <titleOfIssuer>East Rochester Housing Authority 1.020</titleOfIssuer>
      <CUSIPMember>274722DX2</CUSIPMember>
      <ISINId>US274722DX22</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2041-01-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>MANUFACTURERS AND TRADERS TRUST</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0095</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>600000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>600000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0306</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York City Transitional Finance Authority</nameOfIssuer>
      <titleOfIssuer>New York City Transitional Finance Authority 0.970</titleOfIssuer>
      <CUSIPMember>64971WGU8</CUSIPMember>
      <LEIID>5493003476LG35QAKM08</LEIID>
      <ISINId>US64971WGU80</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2043-08-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>MIZUHO BANK LTD (NEW YORK BRANCH</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0097</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>195000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>195000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0099</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Housing Development Corp.</nameOfIssuer>
      <titleOfIssuer>Housing Development Corp. 0.950</titleOfIssuer>
      <CUSIPMember>64972CM42</CUSIPMember>
      <LEIID>549300SQWVHKBRF8D702</LEIID>
      <ISINId>US64972CM426</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2050-12-31</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>WELLS FARGO BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0095</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>400000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>400000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0204</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
      <explanatoryNotes>The Maturity Date for this security has been modified</explanatoryNotes>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York City Municipal Water Finance Authority</nameOfIssuer>
      <titleOfIssuer>New York City Municipal Water Finance Authority 0.930</titleOfIssuer>
      <CUSIPMember>64972FPP5</CUSIPMember>
      <LEIID>549300Q2EHQ6RJPQKP05</LEIID>
      <ISINId>US64972FPP52</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2033-06-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF AMERICA NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0095</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>300000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>300000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0153</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York City Municipal Water Finance Authority</nameOfIssuer>
      <titleOfIssuer>New York City Municipal Water Finance Authority 0.940</titleOfIssuer>
      <CUSIPMember>64972GAW4</CUSIPMember>
      <LEIID>549300Q2EHQ6RJPQKP05</LEIID>
      <ISINId>US64972GAW42</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2017-12-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>STATE STREET BANK AND TRUST COMP</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0099</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>100000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>100000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0051</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York City Municipal Water Finance Authority</nameOfIssuer>
      <titleOfIssuer>New York City Municipal Water Finance Authority 0.970</titleOfIssuer>
      <CUSIPMember>64972GMK7</CUSIPMember>
      <LEIID>549300Q2EHQ6RJPQKP05</LEIID>
      <ISINId>US64972GMK75</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2049-06-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>STATE STREET BANK AND TRUST COMP</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0097</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>200000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>200000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0102</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Dormitory Authority</nameOfIssuer>
      <titleOfIssuer>New York State Dormitory Authority 0.940</titleOfIssuer>
      <CUSIPMember>64983M2X5</CUSIPMember>
      <LEIID>549300C8XO7EXTX2XU71</LEIID>
      <ISINId>US64983M2X54</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2031-07-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>JPMORGAN CHASE BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0098</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>100000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>100000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0051</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Dormitory Authority</nameOfIssuer>
      <titleOfIssuer>New York State Dormitory Authority 0.990</titleOfIssuer>
      <CUSIPMember>64983M4P0</CUSIPMember>
      <LEIID>549300C8XO7EXTX2XU71</LEIID>
      <ISINId>US64983M4P03</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2031-07-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF AMERICA NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0094</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>200000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>200000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0102</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Dormitory Authority</nameOfIssuer>
      <titleOfIssuer>New York State Dormitory Authority 0.950</titleOfIssuer>
      <CUSIPMember>64983M4R6</CUSIPMember>
      <LEIID>549300C8XO7EXTX2XU71</LEIID>
      <ISINId>US64983M4R68</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2031-07-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>TD BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0099</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>400000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>400000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0204</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Dormitory Authority</nameOfIssuer>
      <titleOfIssuer>New York State Dormitory Authority 0.940</titleOfIssuer>
      <CUSIPMember>64983QAU3</CUSIPMember>
      <LEIID>549300C8XO7EXTX2XU71</LEIID>
      <ISINId>US64983QAU31</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2028-07-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>COLUMBIA UNIVERSITY</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>NA</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>NA</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0094</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>500000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>500000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0255</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Dormitory Authority</nameOfIssuer>
      <titleOfIssuer>New York State Dormitory Authority 0.980</titleOfIssuer>
      <CUSIPMember>64983QJG5</CUSIPMember>
      <LEIID>549300C8XO7EXTX2XU71</LEIID>
      <ISINId>US64983QJG55</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2039-05-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>MIZUHO BANK LTD (NEW YORK BRANCH</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0094</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>200000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>200000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0102</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Energy Research &amp; Development Authority</nameOfIssuer>
      <titleOfIssuer>New York State Energy Research &amp; Development Authority 1.020</titleOfIssuer>
      <CUSIPMember>64984EDG7</CUSIPMember>
      <ISINId>US64984EDG70</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2039-05-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>MIZUHO BANK LTD (NEW YORK BRANCH</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0102</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>300000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>300000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0153</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Energy Research &amp; Development Authority</nameOfIssuer>
      <titleOfIssuer>New York State Energy Research &amp; Development Authority 0.980</titleOfIssuer>
      <CUSIPMember>64984EDJ1</CUSIPMember>
      <ISINId>US64984EDJ10</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2039-05-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>MIZUHO BANK LTD (NEW YORK BRANCH</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0099</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>600000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>600000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0306</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.960</titleOfIssuer>
      <CUSIPMember>64986BBD0</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986BBD01</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2021-09-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF AMERICA NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0099</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>615000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>615000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0314</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Syracuse Industrial Development Agency</nameOfIssuer>
      <titleOfIssuer>Syracuse Industrial Development Agency 0.920</titleOfIssuer>
      <CUSIPMember>871720BZ0</CUSIPMember>
      <ISINId>US871720BZ01</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2037-12-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>JPMORGAN CHASE BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0092</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>700000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>700000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0357</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.970</titleOfIssuer>
      <CUSIPMember>64986MQP3</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986MQP31</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2036-11-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>LANDESBANK HESSEN THUERINGEN GIR</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0102</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>850000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>850000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0434</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 1.020</titleOfIssuer>
      <CUSIPMember>64986MVC6</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986MVC62</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2034-05-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>RIVER TERRACE ASSOCIATES LLC</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>Y</securityGuaranteeFlag>
      <guarantor>
        <identityOfTheGuarantor>FEDERAL NATIONAL MORTGAGE ASSOCI</identityOfTheGuarantor>
        <amountProvidedByGuarantor>1.0000</amountProvidedByGuarantor>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </guarantorRatingOrNRSRO>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </guarantorRatingOrNRSRO>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </guarantorRatingOrNRSRO>
      </guarantor>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0100</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>400000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>400000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0204</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.990</titleOfIssuer>
      <CUSIPMember>64986MYY5</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986MYY55</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2037-11-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BARCLAY STREET REALTY LLC</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>Y</securityGuaranteeFlag>
      <guarantor>
        <identityOfTheGuarantor>FEDERAL NATIONAL MORTGAGE ASSOCI</identityOfTheGuarantor>
        <amountProvidedByGuarantor>1.0000</amountProvidedByGuarantor>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </guarantorRatingOrNRSRO>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </guarantorRatingOrNRSRO>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </guarantorRatingOrNRSRO>
      </guarantor>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0102</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>650000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>650000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0332</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.930</titleOfIssuer>
      <CUSIPMember>64986U2E6</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986U2E61</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2049-05-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF NEW YORK MELLON/THE</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0098</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>300000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>300000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0153</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.930</titleOfIssuer>
      <CUSIPMember>64986U2F3</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986U2F37</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2049-05-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF NEW YORK MELLON/THE</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0093</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>700000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>700000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0357</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.930</titleOfIssuer>
      <CUSIPMember>64986URB5</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986URB51</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2041-11-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>FEDERAL HOME LOAN MORTGAGE CORPO</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>Y</securityGuaranteeFlag>
      <guarantor>
        <identityOfTheGuarantor>FEDERAL HOME LOAN MORTGAGE CORPO</identityOfTheGuarantor>
        <amountProvidedByGuarantor>1.0000</amountProvidedByGuarantor>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </guarantorRatingOrNRSRO>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </guarantorRatingOrNRSRO>
        <guarantorRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </guarantorRatingOrNRSRO>
      </guarantor>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0098</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>250000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>250000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0128</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.910</titleOfIssuer>
      <CUSIPMember>64986URC3</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986URC35</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2041-11-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>FEDERAL HOME LOAN MORTGAGE CORPO</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0093</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>400000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>400000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0204</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.980</titleOfIssuer>
      <CUSIPMember>64986UXS1</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64986UXS13</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2044-11-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>FEDERAL HOME LOAN MORTGAGE CORPO</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0099</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>700000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>700000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0357</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York Local Government Assistance Corp.</nameOfIssuer>
      <titleOfIssuer>New York Local Government Assistance Corp. 1.020</titleOfIssuer>
      <CUSIPMember>649876S75</CUSIPMember>
      <LEIID>549300K72PDVHQ5R5Y86</LEIID>
      <ISINId>US649876S751</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2019-04-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>JPMORGAN CHASE BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0142</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>800000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>800000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0408</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Housing Finance Agency</nameOfIssuer>
      <titleOfIssuer>New York State Housing Finance Agency 0.980</titleOfIssuer>
      <CUSIPMember>64987BPE2</CUSIPMember>
      <LEIID>5493000LS7KCDB02O506</LEIID>
      <ISINId>US64987BPE29</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2049-05-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>WELLS FARGO BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0140</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>400000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>400000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0204</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Dormitory Authority</nameOfIssuer>
      <titleOfIssuer>New York State Dormitory Authority 0.990</titleOfIssuer>
      <CUSIPMember>6499033R0</CUSIPMember>
      <LEIID>549300C8XO7EXTX2XU71</LEIID>
      <ISINId>US6499033R06</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2034-07-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF AMERICA NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0097</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>300000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>300000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0153</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Triborough Bridge and Tunnel Authority New York Tender Option Bond Trust Receipts/Certificates</nameOfIssuer>
      <titleOfIssuer>Triborough Bridge and Tunnel Authority New York Tender Option Bond Trust Receipts/Certificates 1.000</titleOfIssuer>
      <CUSIPMember>88033UYJ2</CUSIPMember>
      <LEIID>54930020ZN4LQF7K3456</LEIID>
      <ISINId>US88033UYJ23</ISINId>
      <investmentCategory>Tender Option Bond</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2024-11-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>ROYAL BANK OF CANADA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0100</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>1000000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>1000000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0510</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York State Urban Development Corp.</nameOfIssuer>
      <titleOfIssuer>New York State Urban Development Corp. 1.020</titleOfIssuer>
      <CUSIPMember>650035KP2</CUSIPMember>
      <LEIID>54930039Y2EMGXN6LM88</LEIID>
      <ISINId>US650035KP26</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2030-01-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>WACHOVIA BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>NR</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0102</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>500000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>500000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0255</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Metropolitan Transportation Authority</nameOfIssuer>
      <titleOfIssuer>Metropolitan Transportation Authority 0.980</titleOfIssuer>
      <CUSIPMember>59259N2Z5</CUSIPMember>
      <LEIID>5493000TKYODLXADQD60</LEIID>
      <ISINId>US59259N2Z52</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2022-11-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF TOKYO-MITSUBISHI UFJ LTD</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0158</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>700000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>700000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0357</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Metropolitan Transportation Authority</nameOfIssuer>
      <titleOfIssuer>Metropolitan Transportation Authority 0.950</titleOfIssuer>
      <CUSIPMember>59259N8Q9</CUSIPMember>
      <LEIID>5493000TKYODLXADQD60</LEIID>
      <ISINId>US59259N8Q99</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2031-11-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>TD BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0098</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>100000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>100000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0051</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Metropolitan Transportation Authority</nameOfIssuer>
      <titleOfIssuer>Metropolitan Transportation Authority 1.010</titleOfIssuer>
      <CUSIPMember>59259Y7B9</CUSIPMember>
      <LEIID>5493000TKYODLXADQD60</LEIID>
      <ISINId>US59259Y7B94</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2050-11-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF TOKYO-MITSUBISHI UFJ LTD</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0099</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>100000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>100000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0051</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Franklin County Civic Development Corp.</nameOfIssuer>
      <titleOfIssuer>Franklin County Civic Development Corp. 1.000</titleOfIssuer>
      <CUSIPMember>35313PAA0</CUSIPMember>
      <ISINId>US35313PAA03</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2038-10-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>HSBC BANK USA NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0116</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>675000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>675000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0344</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Rensselaer County Industrial Development Agency</nameOfIssuer>
      <titleOfIssuer>Rensselaer County Industrial Development Agency 1.020</titleOfIssuer>
      <CUSIPMember>759921CG2</CUSIPMember>
      <ISINId>US759921CG23</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2028-02-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>MANUFACTURERS AND TRADERS TRUST</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0102</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>600000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>600000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0306</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Nassau Health Care Corp.</nameOfIssuer>
      <titleOfIssuer>Nassau Health Care Corp. 1.020</titleOfIssuer>
      <CUSIPMember>63167NAW6</CUSIPMember>
      <LEIID>549300L7UKCJQEMTLX26</LEIID>
      <ISINId>US63167NAW65</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2029-08-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>WELLS FARGO BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0098</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>535000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>535000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0273</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>City of New York</nameOfIssuer>
      <titleOfIssuer>City of New York 0.950</titleOfIssuer>
      <CUSIPMember>64966FA87</CUSIPMember>
      <LEIID>549300ABYZD2SFD5JB29</LEIID>
      <ISINId>US64966FA871</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2036-04-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>TD BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0095</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>400000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>400000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0204</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>City of New York</nameOfIssuer>
      <titleOfIssuer>City of New York 0.960</titleOfIssuer>
      <CUSIPMember>64966JB62</CUSIPMember>
      <LEIID>549300ABYZD2SFD5JB29</LEIID>
      <ISINId>US64966JB624</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2042-04-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>BANK OF TOKYO-MITSUBISHI UFJ LTD</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0096</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>200000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>200000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0102</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>City of New York</nameOfIssuer>
      <titleOfIssuer>City of New York 0.940</titleOfIssuer>
      <CUSIPMember>64966LLS8</CUSIPMember>
      <LEIID>549300ABYZD2SFD5JB29</LEIID>
      <ISINId>US64966LLS87</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2040-03-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>JPMORGAN CHASE BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0096</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>200000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>200000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0102</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York City Health &amp; Hospital Corp.</nameOfIssuer>
      <titleOfIssuer>New York City Health &amp; Hospital Corp. 0.950</titleOfIssuer>
      <CUSIPMember>649674GS1</CUSIPMember>
      <ISINId>US649674GS19</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2031-02-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>TD BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0098</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>300000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>300000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0153</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Westchester County Industrial Development Agency</nameOfIssuer>
      <titleOfIssuer>Westchester County Industrial Development Agency 0.950</titleOfIssuer>
      <CUSIPMember>957368FW8</CUSIPMember>
      <LEIID>549300YOPFLG4RJ5YO58</LEIID>
      <ISINId>US957368FW87</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>NR</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2024-11-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>TD BANK NA</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0100</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>500000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>500000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0255</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York City Municipal Water Finance Authority</nameOfIssuer>
      <titleOfIssuer>New York City Municipal Water Finance Authority 0.970</titleOfIssuer>
      <CUSIPMember>64970KRM1</CUSIPMember>
      <LEIID>549300Q2EHQ6RJPQKP05</LEIID>
      <ISINId>US64970KRM17</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2033-06-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>MIZUHO BANK LTD (NEW YORK BRANCH</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0099</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>200000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>200000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0102</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York City Transitional Finance Authority Future Tax Secured</nameOfIssuer>
      <titleOfIssuer>New York City Transitional Finance Authority Future Tax Secured 0.970</titleOfIssuer>
      <CUSIPMember>64971QQ63</CUSIPMember>
      <LEIID>5493003476LG35QAKM08</LEIID>
      <ISINId>US64971QQ635</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2041-11-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>SUMITOMO MITSUI BANKING CORP (NE</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0095</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>300000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>300000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0153</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>New York City Transitional Finance Authority Future Tax Secured</nameOfIssuer>
      <titleOfIssuer>New York City Transitional Finance Authority Future Tax Secured 0.950</titleOfIssuer>
      <CUSIPMember>64971QZA4</CUSIPMember>
      <LEIID>5493003476LG35QAKM08</LEIID>
      <ISINId>US64971QZA48</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>Fitch</nameOfNRSRO>
        <rating>F1+</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Moody's</nameOfNRSRO>
        <rating>VMIG1</rating>
      </NRSRO>
      <NRSRO>
        <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
        <rating>A-1+</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2017-12-01</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2017-12-01</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2039-08-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>NORTHERN TRUST COMPANY (THE)</identityOfDemandFeatureIssuer>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>Y</demandFeatureConditionalFlag>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Fitch</nameOfNRSRO>
          <rating>F1+</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Moody's</nameOfNRSRO>
          <rating>P-1</rating>
        </demandFeatureRatingOrNRSRO>
        <demandFeatureRatingOrNRSRO>
          <nameOfNRSRO>Standard &amp; Poor's</nameOfNRSRO>
          <rating>A-1+</rating>
        </demandFeatureRatingOrNRSRO>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0097</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>300000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>300000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0153</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <signature>
      <registrant>BlackRock Liquidity Funds</registrant>
      <signatureDate>2017-12-06</signatureDate>
      <signature>/s/Neal J. Andrews</signature>
      <nameOfSigningOfficer>Neal J. Andrews</nameOfSigningOfficer>
      <titleOfSigningOfficer>Chief Financial Officer</titleOfSigningOfficer>
    </signature>
  </formData>
</edgarSubmission>
