N.Y. Real Property Tax Law § 1439: Agreements between villages in Nassau county and the county of Nassau, towns, special and school districts therein; and between villages ...

§ 1439. Agreements between villages in Nassau county and the county of

Nassau, towns, special and school districts therein; and between

villages in Westchester county and the county of Westchester, towns,

special and school districts therein; and between villages in Suffolk

county and the county of Suffolk, towns, special and school districts

therein, for the collection of taxes. 1. Notwithstanding the provisions

of any general, special or local law, any village in the county of

Nassau, the county of Westchester and the county of Suffolk may, by

resolution of its board of trustees, enter into an agreement with the

county or any town, school district or special district therein with

respect to any parcel of real property upon which each of the parties

has tax liens. The resolutions of the governing bodies of the parties to

the agreement authorizing such parties to enter into the agreement may

also provide for the satisfaction and discharge of such tax liens of

record although the amount realized from the sale or other disposition

of the property pursuant to the agreement is insufficient to pay the

full amount of the tax liens of the parties to the agreement.

2. Such agreement may provide for the sale or other disposition of

such parcel free and clear of all unpaid tax liens held by the parties

thereto which liens accrued on or before the date of such sale or

disposition. Such agreement may also provide for:

a. The disposition of such property even though for less than the full

amount of the tax liens of the parties.

b. The distribution of the proceeds from the sale or such other

disposition of the property and arrangements for such distribution when

the proceeds are insufficient to discharge all such tax liens.

Such an agreement may also be made between such village and any person

having any tax lien on or any other right, title, interest or equity of

redemption in such property.

3. When authorized by resolution of its board of trustees, any village

in the county of Nassau, in Westchester county and in the county of

Suffolk having a tax lien may protect such tax lien by bidding for and

purchasing the real property affected by such tax lien at a judicial

sale of such real property in any action for the foreclosure of a lien

for unpaid village, county, town, school or special district taxes or

assessments for benefit or local improvements.

4. In order to carry out an agreement authorized by this section or

bid for and purchase such property at a judicial sale as authorized by

this section, the board of trustees of such a village may:

a. Provide funds in its budget for such purposes.

b. Appropriate for such purposes any funds not otherwise appropriated.

c. Provide funds for such purposes pursuant to the local finance law.

5. The term "tax lien," as used in this section, shall include liens

for taxes, and assessments for benefit or local improvements, whether or

not

a. Such taxes or assessments have been relevied as a part of any

annual tax;

b. Any of such liens have been sold and certificates of sale issued

therefor;

c. Deeds or conveyances have been issued by a treasurer or similar

fiscal officer based upon such certificates of sale; or

d. Deeds or conveyances have been issued pursuant to a judgment

foreclosing any such lien.