N.Y. GMU Law § 782

§ 782. Duty to approve proposed elector initiated dissolution plan. 1.\nIn the case of a proposed dissolution of a local government entity\nproperly initiated by petition of electors pursuant to section seven\nhundred seventy-nine of this title, if a majority of the electors voting\nat a referendum vote in favor of dissolution, the entity's governing\nbody shall meet within thirty days after certification of the favorable\nvote and, within one hundred eighty days of such meeting, prepare and\napprove a proposed elector initiated dissolution plan.\n 2. The proposed elector initiated dissolution plan shall specify:\n (a) the name of the local government entity to be dissolved;\n (b) the territorial boundaries of the entity;\n (c) the type and/or class of the entity;\n (d) a fiscal estimate of the cost of dissolution;\n (e) any plan for the transfer or elimination of public employees;\n (f) the entity's assets, including but not limited to real and\npersonal property, and the fair value thereof in current money of the\nUnited States;\n (g) the entity's liabilities and indebtedness, bonded and otherwise,\nand the fair value thereof in current money of the United States;\n (h) any agreements entered into with the town or towns in which the\nentity is situated in order to carry out the dissolution;\n (i) the manner and means by which the residents of the entity will\ncontinue to be furnished municipal services following the entity's\ndissolution;\n (j) terms for the disposition of the entity's assets and the\ndisposition of its liabilities and indebtedness, including the levy and\ncollection of the necessary taxes and assessments therefor;\n (k) findings as to whether any local laws, ordinances, rules or\nregulations of the entity shall remain in effect after the effective\ndate of the dissolution or shall remain in effect for a period of time\nother than as provided by section seven hundred eighty-nine of this\ntitle;\n (l) the effective date of the dissolution;\n (m) the time and place or places for a public hearing or hearings on\nsuch proposed dissolution plan pursuant to section seven hundred\neighty-four of this title; and\n (n) any other matter desirable or necessary to carry out the\ndissolution.\n