N.Y. General Municipal Law § 503-b: Transfer of projects

§ 503-b. Transfer of projects. Notwithstanding any provision of this

article, or of any general, special or local law or charter to the

contrary, a municipality may, upon the establishment of a municipal

urban renewal agency pursuant to the provisions of article fifteen-A of

this chapter, convey, assign, grant or otherwise transfer all of its

right, title and interest in any urban renewal program, or part thereof,

and any right, title and interest in or to any real or personal

property, contract, claim or other interest acquired or held by it in

connection with such program, or part thereof, to such agency, with or

without consideration, as it may determine.