Section 125. Land may be sold or leased; disposition of proceeds

Any lands
  acquired by purchase or  condemnation,  for  the  purpose  of  obtaining
  gravel, stone or other materials, for the construction or maintenance of
  highways  improved  or  constructed  as  provided  in  this  article, or
  required for spoil banks, may be sold in  accordance  with  the  eminent
  domain procedure law or leased by the governing body of any county, when
  no longer needed for any of such purposes. The proceeds thereof shall be
  paid  into and become a part of the county road fund. The governing body
  may, where it has  acquired  land  by  purchase  or  condemnation  as  a
  right-of-way  for  a  county  road,  sell, convey, grant or lease to the
  owner or owners of property adjoining the same, so much thereof  as  may
  be  unnecessary  for  such  highway purposes, provided the strip of land
  retained for such highway purposes is not less than sixty feet in width,
  and provided such sale,  conveyance,  grant  or  lease  will  give  said
  adjoining  owner  or  owners  of land a frontage immediately in front of
  their respective premises upon the new  highway  and  right-of-way  when
  completed.  The  governing body may make such sale, conveyance, grant or
  lease to such owner or owners  of  real  property  for  the  purpose  of
  compensating such owner or owners for damages sustained by reason of the
  change of the location of such highway and in full settlement thereof.
    In  the  county  of  Wayne,  however,  if  any such owner or owners of
  property adjoining lands heretofore acquired by said county from the  R.
 &S. Liquidating Corporation and being formerly lands of the Rochester &
  Syracuse  Trolley  Company,  for  purposes of a right-of-way for a state
  highway, do not purchase such lands  or  any  part  thereof  as  may  be
  unnecessary  for  highway  purposes  as provided by this section, within
  sixty days from the receipt by such owner or owners of the offer of  the
  governing  body  of  such county to sell such lands or any part thereof,
  then such board may sell and convey such lands or any part  thereof,  on
  the  same  terms and conditions as those of such offer or offers, to any
  other person or persons, and the proceeds thereof shall be used  in  the
  manner provided by this section.