N.Y. Education Law § 3701: Property to be held in trust for public schools

§ 3701. Property to be held in trust for public schools. Real and

personal estate may be granted, conveyed, devised, bequeathed and given

in trust and in perpetuity or otherwise, to the state, or to the regents

or to the commissioner of education for the support or benefit of the

public schools, within the state, or within any part or portion of it,

or of any particular public schools within it; and to any county, or the

district superintendents of any county, or to any city or any board of

officers thereof, or to any supervisory district or its superintendent,

or to any town, or supervisor of a town, or to any school district or

its trustees or board of education, for the support and benefit of

public schools within such county, city, supervisory district, town or

school district, or within any part or portion thereof respectively, or

for the support and benefit of any particular public schools therein.

No such grant, conveyance, devise or bequest shall be held void for the

want of a named or competent trustee or donee, but where no trustee or

donee, or an incompetent one is named, the title and trust shall vest in

the people of the state, subject to its acceptance by the legislature,

but such acceptance shall be presumed.