2006 New York Code - Surrender Of Grant.

 
    § 76. Surrender of grant.  A grantee or his successor in interest, may
  at  his  option  surrender  to the state, without consideration or for a
  compensation to be determined by the commissioner, the lands under water
  theretofore granted to him or any  part  thereof,  by  filing  with  the
  commissioner a certificate duly executed and acknowledged, declaring his
  intention  of  such  surrender and containing a description of the lands
  surrendered,  subject  to  the  acceptance  of  such  surrender  by  the
  commissioner;  and  such  surrender  when  so  accepted shall be without
  prejudice to an  application  for  a  new  grant  upon  such  terms  and
  conditions as the commissioner may determine.