N.Y. Private Housing Finance Law § 360

§ 360. Transfer of real property. Notwithstanding any requirement of\nlaw to the contrary or any provision of any general, special or local\nlaw, charter or ordinance, every executor, administrator, trustee,\nguardian or other person holding trust funds or acting in a fiduciary\ncapacity, unless the instrument under which such fiduciary is acting\nexpressly forbids, and the state, its subdivisions, municipalities, all\nother public bodies, all public officers, persons, partnerships and\ncorporations owning or holding any real property, may grant, sell, lease\nor otherwise transfer any such real property or interest therein to a\ncompany and receive and hold any cash, exchanged therefor by such\ncompany and may execute such instruments and do such acts as may be\ndeemed necessary or desirable by them or it and by the company in\nconnection with a project or projects and such sale, lease or transfer\nmay be made without public auction or bidding; provided, however, that\nwhere such real property is within an urban renewal area, the\ndisposition thereof shall be in accordance with the provisions of\nparagraph (d) of subdivision two of section five hundred seven of the\ngeneral municipal law.\n