N.Y. General Municipal Law § 73: Cities and villages may hold property in trust for certain purposes

§ 73. Cities and villages may hold property in trust for certain

purposes. Real and personal estate may be granted and conveyed to the

corporation of any city or village of this state, to be held in trust

for any purpose of education, or the diffusion of knowledge, or for the

relief of distress; or for parks, gardens, or other ornamental grounds,

or grounds for the purposes of military parades and exercise, or health

and recreation, within or near such incorporated city or village, upon

such conditions as may be prescribed by the grantor or donor, and agreed

to by such corporation; and all real estate so granted or conveyed to

such corporation, may be held by the same, subject to such conditions as

may be prescribed and agreed to as aforesaid.