Section 557. Grant of land by the city to the authority

Latest version.

The city shall have
  power  and  authority by resolution of the board of estimate of the city
  to assign to the authority, without consideration, any land owned by the
  city on the seventh day of  April,  nineteen  hundred  thirty-three,  or
  thereafter  acquired  by  it,  needed  or  convenient  for  the project,
  including lands released or to be released by  the  state  to  the  city
  pursuant  to  chapter three hundred seventy-nine of the laws of nineteen
  hundred twenty-nine as amended.

                    
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