N.Y. RRD Law § 185

§ 185. Effect of dissolution of charter as to consents. Whenever any\nstreet surface railroad corporation shall have been dissolved or\nannulled, or its charter repealed by an act of the legislature, the\nconsent of owners of property bounded on, and the consent of the local\nauthorities having the control of that portion of a street or highway\nupon which the railroad of such corporation shall have been theretofore\nconstructed and operated, and the order of the appellate division\nconfirming the report of any commissioner that such railroad ought to be\nconstructed or operated, shall not, nor shall either thereof, be deemed\nto be in any way impaired, revoked, terminated or otherwise affected by\nsuch act of dissolution, annulment or repeal, but the same and each\nthereof shall continue in full force, efficacy and being. The right to\nthe further enjoyment and to the use thereof, subsequent to such act of\ndissolution, annulment or repeal, and of all the powers, privileges and\nbenefits therein or thereby created, shall be sold at public auction by\nthe local authorities within whose jurisdiction such railroad shall be,\nin the same manner as is provided in section one hundred and\nseventy-three of this article. When such sale shall have been so made,\nthe purchaser thereat shall have the right to the further enjoyment and\nuse of such consents and orders, and of each thereof, and of all the\npowers, privileges and benefits therein or thereby created, in like\nmanner as if such purchaser had been originally named in such consents,\nreports and orders; if such purchaser shall be otherwise authorized by\nlaw to construct, maintain and operate a street surface railroad within\nthe municipality within which such railroad shall be.\n