N.Y. Real Prop. Tax Law § 1170

§ 1170. Deed in lieu of foreclosure. Any tax district may, when\nauthorized by resolution of its governing body and in lieu of\nprosecuting a proceeding to foreclose a tax lien on any parcel of real\nproperty pursuant to this article, accept a conveyance of the interest\nof any person having any right, title, interest, claim, lien or equity\nof redemption in or to such parcel.\n