N.Y. General Municipal Law § 707: Disposition of property in area proposed to be annexed

§ 707. Disposition of property in area proposed to be annexed. 1.

Except as may be provided in an agreement among the affected local

governments, as authorized by subdivision two of this section concerning

the retention, division, regulation, land use or other disposition of

real and personal property and rights in real and personal property of

any affected local government or governments or any special or

improvement district in the territory proposed to be annexed, all real

or personal property and rights in real and personal property,

including, but not limited to, land use, streets, avenues, roads,

highways, bridges, overpasses, underpasses, culverts, sidewalks, street

lighting fixtures, and conduits, pipes, drains, either above or below

the ground surface, and appurtenances and appurtenant rights in relation

thereto, owned by any of such local governments (other than the one to

which such territory is annexed) shall become the property of the

county, city, village, or town (where the territory is not annexed to a

village or villages in the town), to which such territory is annexed as

of the date of such annexation, but the ownership of any real and

personal property or rights in real and personal property of, or

acquired for, special or improvement districts in such territory shall

remain unaffected.

2. At any time prior to their determinations as provided by section

seven hundred eleven of this article, the governing boards of the

affected local governments, or their designated representatives, shall

have power to agree on the retention, division, regulation, land use or

other disposition, either with or without consideration, of real or

personal property and rights in real or personal property of any such

affected local government or of any special or improvement districts in

which the territory proposed to be annexed is situated. Any such

agreement shall be in writing and shall be executed by such governing

boards, or their designated representatives, covering the matters agreed

upon. Such agreement may provide for the execution of any deeds or

instruments affecting the retention, division, regulation, land use or

other disposition of such property, either with or without

consideration. Any such agreement shall be followed in the local law to

be adopted pursuant to section seven hundred fourteen of this article.