N.Y. Social Services Law § 410-j: Transfer of real property

§ 410-j. 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 an

eligible borrower and receive and hold any cash, exchange therefor by

such an eligible borrower and may execute such instruments and do such

acts as may be deemed necessary or desirable by them or it and by the

eligible borrower in connection with a project or projects and such

sale, lease or transfer may be made without public auction or bidding;

providing, 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.