Section 1267. Acquisition and disposition of real property

1. In addition
  to the powers provided in section twelve hundred sixty-six of this title
  to acquire transportation facilities, equipment and real  property,  the
  authority may acquire, by condemnation pursuant to the condemnation law,
  any  real  property  it  may  deem necessary, convenient or desirable to
  effectuate the purposes of this title, provided however, that  any  such
  condemnation  proceedings shall be brought only in the supreme court and
  the compensation to be paid shall be ascertained and determined  by  the
  court  without  a  jury.  Notwithstand  the foregoing provisions of this
  subdivision one, no real property may be acquired by  the  authority  by
  condemnation  for  purposes  other than a transportation facility unless
  the governing body of the city, village  or  town  in  which  such  real
  property is located shall first consent to such condemnation.
    2.  Nothing  herein  contained  shall  be  construed  to  prevent  the
  authority from bringing any proceedings to remove a cloud  on  title  or
  such  other  proceedings  as  it may, in its discretion, deem proper and
  necessary  or  from  acquiring  any  such  property  by  negotiation  or
  purchase.
    3.  Where  a person entitled to an award in the proceedings to condemn
  any real property for any of the  purposes  of  this  title  remains  in
  possession  of  such  property after the time of the vesting of title in
  the condemnor, the reasonable value of his use  and  occupancy  of  such
  property  subsequent  to such time as fixed by agreement or by the court
  in such proceedings or by any court of competent jurisdiction shall be a
  lien against such award subject only to the liens of record at the  time
  of vesting of title in the condemnor.
    4.  Subject to the provisions of sections twelve hundred sixty-six and
  twelve hundred sixty-six-c of this title, title to all property acquired
  under this act shall vest in the authority  or  one  of  its  subsidiary
  corporations,  or  in  the New York city transit authority or one of its
  subsidiary corporations as the authority directs.
    5. The authority may,  whenever  it  determines  that  it  is  in  the
  interest  of  the  authority,  dispose  of any real property or property
  other  than  real  property,  which  it  determines  is  not  necessary,
  convenient or desirable for its purposes.
    6.  The  authority  may, whenever it shall determine that it is in the
  interest of the authority, rent, lease,  or  grant  easements  or  other
  rights in, any land or property of the authority.