N.Y. General Municipal Law § 250: Lost and found property

§ 250. Lost and found property. The governing boards of municipal

corporations may by resolution enact rules and regulations for

administering the provisions of article seven-b of the personal property

law and may provide the following:

(a) the designation of a public officer to accept and keep custody of

found property and found instruments;

(b) procedures for determining the value and for estimating the net

sum likely to be realized by sale at public auction of lost property as

defined in article seven-b of the personal property law;

(c) a procedure for the disposition of derelict automobiles and other

property having no value or salvage value only;

(d) longer or shorter periods of time for the report and deposit of

found property and instruments by specified classes of persons having

possession thereof or for either such report or such deposit, provided,

however, that such rules and regulations so enacted by a county or town

shall not supersede rules and regulations with respect to time for

report and deposit, or for either report or deposit, so enacted by any

municipal corporation within its limits, except to such extent as may be

provided by an agreement pursuant to section two hundred fifty-one of

this chapter;

(e) provisions for notices, reports, storage, and sales of found

property not inconsistent with the provisions of article seven-b of the

personal property law;

(f) the payment of proceeds from the sale of lost property as defined

in article seven-b of the personal property law into a public fund other

than the treasury of the municipal corporation.