N.Y. Private Housing Finance Law § 360: Transfer of real property

§ 360. Transfer of real property. Notwithstanding any requirement of

law to the contrary or any provision of any general, special or local

law, charter or ordinance, every executor, administrator, trustee,

guardian or other person holding trust funds or acting in a fiduciary

capacity, unless the instrument under which such fiduciary is acting

expressly forbids, and the state, its subdivisions, municipalities, all

other public bodies, all public officers, persons, partnerships and

corporations owning or holding any real property, may grant, sell, lease

or otherwise transfer any such real property or interest therein to a

company and receive and hold any cash, exchanged therefor by such

company and may execute such instruments and do such acts as may be

deemed necessary or desirable by them or it and by the company in

connection with a project or projects and such sale, lease or transfer

may be made without public auction or bidding; provided, however, that

where such real property is within an urban renewal area, the

disposition thereof shall be in accordance with the provisions of

paragraph (d) of subdivision two of section five hundred seven of the

general municipal law.