N.Y. Real Property Tax Law § 1170: Deed in lieu of foreclosure

§ 1170. Deed in lieu of foreclosure. Any tax district may, when

authorized by resolution of its governing body and in lieu of

prosecuting a proceeding to foreclose a tax lien on any parcel of real

property pursuant to this article, accept a conveyance of the interest

of any person having any right, title, interest, claim, lien or equity

of redemption in or to such parcel.