N.Y. Not-For-Profit Corp. Law § 205

§ 205. Conveyance of real property to members for dwelling houses.\n A not-for-profit corporation, if its by-laws so provide, and pursuant\nto the provisions thereof, and without leave of the court, may convey to\na member of the corporation a portion of its real property for the\nerection thereupon of a cottage or other dwelling-house with suitable\noutbuildings. When so conveyed the title to such portion, together with\nthe buildings thereon, shall continue in such member and on his death\npass to his heirs or devisees, but the land shall not be alienable\nexcept to the corporation or to a member thereof.\n