N.Y. Pub. Auth. Law § 1600-e

* § 1600-e. Conveyance of property by the Village to the authority;\nacquisition of property by the Village or by the authority. 1. The\nVillage may, by resolution or resolutions of the board of trustees or by\ninstruments authorized by such resolutions, convey, with or without\nconsideration, to the authority real and personal property owned by the\nVillage for use by the authority as a project or projects or a part\nthereof. In case of real property so conveyed, the title thereto shall\nremain in the Village but the authority shall have the use and occupancy\nthereof for so long as its corporate existence shall continue. In the\ncase of personal property so conveyed, the title shall pass to the\nauthority.\n 2. The Village may acquire by purchase or condemnation real property\nin the name of the Village for any of the projects or for the widening\nof existing roads, streets, parkways, avenues or highways or for new\nroads, streets, parkways, avenues or highways to any of the projects, or\npartly for such purposes and partly for other Village purposes, by\npurchase or condemnation in the manner provided by law for the\nacquisition of real property by the Village. The Village may close such\nstreets, roads, parkways, avenues, or highways as may be necessary or\nconvenient.\n 3. Contracts may be entered into between the Village and the authority\nproviding for the property to be conveyed by the Village to the\nauthority, the additional property to be acquired by the Village and so\nconveyed, the streets, roads, parkways, avenues, and highways to be\nclosed by the Village and the amounts, terms and conditions of payment\nto be made by the authority. Such contracts may also contain covenants\nby the Village as to the road, street, parkway, avenue and highway\nimprovements to be made by the Village. Any such contracts between the\nVillage and the authority may be pledged by the authority to secure its\nbonds and may not be modified thereafter except as provided by the terms\nof the pledge. The board of trustees may authorize such contracts\nbetween the Village and the authority and no other authorization on the\npart of the Village for such contracts shall be necessary. Any such\ncontracts may be so authorized and entered into by the Village and in\nsuch manner as the board of trustees may determine, and the payments\nrequired to be made by the Village may be made and financed\nnotwithstanding that no provision therefor shall have first been made in\nthe capital budget of the Village. All contractual or other obligations\nof the Village incurred in carrying out the provisions of this title\nshall be included in and provided for by each capital budget of the\nVillage thereafter made, if and to the extent that they may\nappropriately be included therein.\n 4. The authority may itself acquire real property for a project in the\nname of the Village at the cost and expense of the authority by purchase\nor condemnation pursuant to the condemnation law or pursuant to the laws\nrelating to the condemnation of land by the Village. The authority shall\nhave the use and occupancy of such real property so long as its\ncorporate existence shall continue.\n 5. In case the authority shall have the use and occupancy of any real\nproperty which it shall determine is no longer required for a project\nthen, if such real property was acquired at the cost and expense of the\nVillage, the authority shall have power to surrender its use and\noccupancy thereof to the Village, or, if such real property was acquired\nat the cost and expense of the authority, then the authority shall have\npower to sell, lease or otherwise dispose of said real property and\nshall retain and have the power to use the proceeds of sale, rentals or\nother moneys derived from the disposition thereof for its purposes.\n * NB Ceases to exist December 31, 2014\n * NB There are 2 § 1600-e's\n