N.Y. Municipal Housing Authorities Law § 76

* § 76. Dissolution. An authority or the city may apply to the supreme\ncourt in any county in which the city or any part thereof is located,\nfor an order dissolving the authority. The court thereupon shall hold a\nhearing in open court after such notice of hearing as the court may\nrequire. Upon a showing to the satisfaction of the court that provision\nhas been made for the payment or satisfaction of all of the outstanding\nobligations of the authority and for the necessary expenses for the\nliquidation thereof, the court may order that the authority be\ndissolved. Upon such dissolution the property of the authority shall be\nand become the property of the city.\n * NB The text of Article 5 of the former State Housing Law (cited\nherein as the "Municipal Housing Authorities Law"), as such article\nexisted immediately prior to its repeal pursuant to section 227 of\nChapter 808 of the Laws of 1939, is provided here for ease of reference\nand historical purposes as such text continues to be applicable for the\nNew York City Housing Authority pursuant to the provisions of section\n401 of the current Public Housing Law.\n