New York Release To Owners.
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§ 5-437 Release to owners. In any case where any street which has been
conveyed or ceded to the city without compensation, shall be
discontinued and closed and the person or persons who have made such
grant or conveyance, or his, hers or their heirs, devisees, executors or
successors, are the owners and have retained title to the property
fronting thereon, the board of estimate is authorized, on behalf of the
city, to release and convey without compensation or upon such terms as
may appear to such board to be just and equitable, to such owner or
owners, his, hers or their heirs, devisees, executors or successors, all
the right, title and interest which the city may have so acquired in and
to the part of such street, in consideration of the release by such
owner or owners of any and all claims for damages or compensation for
and on account of the discontinuance or closing thereof. In such case no
proceeding shall be had to estimate such loss and damage as provided in
this subchapter.