N.Y. Public Authorities Law § 2046-e: Transfer of property

§ 2046-e. Transfer of property. The town is authorized and empowered

to give, grant, sell, convey, loan, license the use of or lease, to the

agency, any property or facility of the town which is useful in

connection with the exercise by the agency of its powers under this

title. Any such gift, grant, sale, conveyance, loan, license or lease

shall be upon such terms and conditions, subject to the rights of the

holders of any bonds or notes, as the agency and the town may agree.