2006 New York Code - Transfer.

 
    §  22-143  Transfer. Upon the adoption of a resolution by the board of
  estimate, pursuant to section one hundred ninety-seven-c of the charter,
  signifying acceptance  of  such  pier  properties  and  subject  to  the
  following  conditions, and upon the delivery of a certified copy of such
  resolution to the secretary of state of  the  state  of  New  York,  all
  right,  title  and interest of the state of New York in and to such pier
  properties and appurtenances thereto and in to the  equipment,  chattels
  and  other  tangible property thereat and used in the operation thereof,
  and in and to the rents and revenues thereof which shall accrue from and
  after vesting of title as herein provided, shall  thereby  vest  in  the
  city:
    (a) That the city shall rehabilitate such pier properties.
    (b)  That  the  city  shall  not  use  or  permit the use of such pier
  properties for any  purpose  which  will  materially  and  substantially
  interfere with their use for pier and terminal purposes.
    (c)  That  the  city  shall  not  grant  or  convey title to such pier
  properties to any person or legal entity other than the state.