Section 250. Lost and found property

The governing boards of municipal
  corporations  may  by  resolution  enact  rules  and   regulations   for
  administering the provisions of article seven-b of the personal property
  law and may provide the following:
    (a)  the designation of a public officer to accept and keep custody of
  found property and found instruments;
    (b) procedures for determining the value and for  estimating  the  net
  sum  likely to be realized by sale at public auction of lost property as
  defined in article seven-b of the personal property law;
    (c) a procedure for the disposition of derelict automobiles and  other
  property having no value or salvage value only;
    (d)  longer  or  shorter periods of time for the report and deposit of
  found property and instruments by specified classes  of  persons  having
  possession  thereof or for either such report or such deposit, provided,
  however, that such rules and regulations so enacted by a county or  town
  shall  not  supersede  rules  and  regulations  with respect to time for
  report and deposit, or for either report or deposit, so enacted  by  any
  municipal corporation within its limits, except to such extent as may be
  provided  by  an  agreement pursuant to section two hundred fifty-one of
  this chapter;
    (e) provisions for notices,  reports,  storage,  and  sales  of  found
  property  not inconsistent with the provisions of article seven-b of the
  personal property law;
    (f) the payment of proceeds from the sale of lost property as  defined
  in article seven-b of the personal property law into a public fund other
  than the treasury of the municipal corporation.