2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 5 - (100 - 128) REDEVELOPMENT COMPANIES
120-A - State supervision and regulation.

 
    §  120-a.  State  supervision  and  regulation.  A municipality with a
  population of less  than  one  million  may,  by  action  of  its  local
  legislative  body  concurred  in  by  the  commissioner, provide for the
  supervision and regulation of a project and  the  redevelopment  company
  carrying out such project by the commissioner in lieu of the supervising
  agency.  With  respect to any such project and company, the commissioner
  shall have, from and after the effective date of such action, all of the
  powers and duties of a supervising agency pursuant to this article.  The
  company shall pay  to  the  commissioner  fees,  as  prescribed  by  the
  commissioner,   to   cover  the  expenses  of  examination,  audit,  and
  supervision of the company and the project.