N.Y. Local Finance Law § 171.00

§ 171.00 Continuity of powers and duties. a. Any agency, board,\ncommission or official to whom are assigned by this chapter any powers\nand duties shall exercise such powers and duties in continuation of\ntheir exercise by the agency, board, commission or official by which the\nsame were heretofore exercised and shall have power to continue any\nbusiness, proceeding or other matter commenced by the agency, board,\ncommission or official by which such powers and duties were heretofore\nexercised. Any provision in any contract relating to the subject matter\nof such powers or duties and applicable to the agency, board, commission\nor official formerly exercising such powers and duties shall apply to\nthe agency, board, commission or official to which such powers and\nduties are assigned by this chapter.\n b. All records, property and equipment whatsoever of any agency,\nboard, commission or official, the powers and duties of which are\nassigned to any other body or official by this chapter, shall be\ntransferred and delivered to the body or official to which such powers\nand duties are so assigned. If part of the powers and duties of any\nagency, board, commission or official are assigned to another body or\nofficial by this chapter, all records, property and equipment relating\nthereto shall be transferred and delivered to the body or official to\nwhich such powers and duties are so assigned.\n