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N.Y. PBG Law § 124

This is the official text of N.Y. PBG Law § 124, part of New York’s PBG Law — part of the compiled statutory law of New York, published by the state as "PBG Law." Browse the sections below, each linked to its official government source.

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Grant or lease of property by a government to or for an authority

Official statutory text

§ 124. Grant or lease of property by a government to or for an\nauthority. In connection with projects located within its territorial\nboundaries, a government may, notwithstanding any other provisions of\nlaw, upon such terms, with or without consideration, as it may deem\nadvisable, grant, convey or lease any of its property, whether held in a\nproprietary or governmental capacity, to an authority or government,\nincluding real property already devoted to a public use, provided that\nthe government making the grant or lease determines that the premises\nare no longer required for the public use to which the property is\ndevoted and that it is to the interest of the government to grant or\nlease the property to the authority for the purposes of this chapter.\nNotwithstanding any other provisions of this section to the contrary, if\nthe property is listed by the government as parkland in the office of\nthe assessing authority of the government or such property is used as\nactive or passive parkland or is parkland, then such property shall not\nbe so granted, conveyed, leased or discontinued as parkland, without an\nact of the state legislature approving such grant, conveyance lease, or\ndiscontinuance. Notwithstanding any general, special or local law and\nany limitation or prohibition which may be contained therein against the\npower of alienation, any grant, sale, conveyance or lease may be made by\na government to an authority or government in connection with a project,\nwithout appraisal, public notice, advertisement or public bidding. The\nfinding of the government having jurisdiction that the property is no\nlonger required for the public purpose for which it is devoted and that\nit is to the best interest of the government involved to grant or lease\nthe property, shall be conclusive.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.