N.Y. HHC Law § 7-A

§ 7-a. Relationship with the New York state and the housing finance\nagency health and mental hygiene facilities improvement corporation.\n Notwithstanding any provision of this act to the contrary:\n (a) The city shall not sell, assign, transfer or sublet to the\ncorporation any health facility, as defined in section three of the\nhealth and mental hygiene facilities improvement act, located at or\nrelated to or constituting a hospital, as defined in article\ntwenty-eight of the public health law, if such health facility is\nsubject to any lease, sublease or other agreement between the city and\nthe New York state housing finance agency, provided however, nothing\nherein shall prohibit the licensing or other operating agreement for the\nhealth facility so long as the city does not surrender possession\nthereof and that the city continues to remain liable and obligated to\nobserve and perform each and every covenant, agreement, obligation and\nundertaking required to be observed and performed by the city pursuant\nto the provisions of any lease, sublease or other agreement between the\ncity and the New York state housing finance agency.\n (b) The corporation is authorized to sell or lease to the agency any\nreal property for the purpose of causing health facilities to be\nconstructed, reconstructed, rehabilitated or improved by the health and\nmental hygiene facilities improvement corporation and the New York state\nhousing finance agency pursuant to a lease, sublease or other agreement\nbetween the city and the New York state housing finance agency as\nprovided in the health and mental hygiene facilities improvement act and\narticle three of the private housing finance law.\n