2006 New York Code - Transfer Of Real Property.

 
    §  410-j.  Transfer of real property.  Notwithstanding any requirement
  of law to the contrary or any provision of any general, special or local
  law, charter  or  ordinance,  every  executor,  administrator,  trustee,
  guardian  or  other  person holding trust funds or acting in a fiduciary
  capacity, unless the instrument under which  such  fiduciary  is  acting
  expressly  forbids, and the state, its subdivisions, municipalities, all
  other public bodies, all  public  officers,  persons,  partnerships  and
  corporations owning or holding any real property, may grant, sell, lease
  or  otherwise  transfer any such real property or interest therein to an
  eligible borrower and receive and hold any cash,  exchange  therefor  by
  such  an  eligible borrower and may execute such instruments and do such
  acts as may be deemed necessary or desirable by them or it  and  by  the
  eligible  borrower  in  connection  with  a project or projects and such
  sale, lease or transfer may be made without public auction  or  bidding;
  providing,  however,  that  where  such real property is within an urban
  renewal area the disposition thereof shall be  in  accordance  with  the
  provisions  of  paragraph (d) of subdivision two of section five hundred
  seven of the general municipal law.