2006 New York Code - Transfer Of Property.

 
    §  2046-e.  Transfer of property. The town is authorized and empowered
  to give, grant, sell, convey, loan, license the use of or lease, to  the
  agency,  any  property  or  facility  of  the  town  which  is useful in
  connection with the exercise by the agency  of  its  powers  under  this
  title.  Any  such  gift, grant, sale, conveyance, loan, license or lease
  shall be upon such terms and conditions, subject to the  rights  of  the
  holders of any bonds or notes, as the agency and the town may agree.