N.Y. Gen. Mun. Law § 503-b

§ 503-b. Transfer of projects. Notwithstanding any provision of this\narticle, or of any general, special or local law or charter to the\ncontrary, a municipality may, upon the establishment of a municipal\nurban renewal agency pursuant to the provisions of article fifteen-A of\nthis chapter, convey, assign, grant or otherwise transfer all of its\nright, title and interest in any urban renewal program, or part thereof,\nand any right, title and interest in or to any real or personal\nproperty, contract, claim or other interest acquired or held by it in\nconnection with such program, or part thereof, to such agency, with or\nwithout consideration, as it may determine.\n