ยง  2046-e.  Transfer of property. The town is authorized and empowered
  to give, grant, sell, convey, loan, license the use of or lease, to  the
  agency,  any  property  or  facility  of  the  town  which  is useful in
  connection with the exercise by the agency  of  its  powers  under  this
  title.  Any  such  gift, grant, sale, conveyance, loan, license or lease
  shall be upon such terms and conditions, subject to the  rights  of  the
  holders of any bonds or notes, as the agency and the town may agree.
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 13-C - Town of Islip Resource Recovery Agency
2046-C - The Islip Resource Recovery Agency.
2046-D - State and Town Not Liable on Bonds or Notes.
2046-E - Transfer of Property.
2046-H - Remedies of Bondholders and Noteholders.
2046-I - Actions Against Agency.
2046-J - Moneys of the Agency.
2046-K - Transfer of Officers and Employees.
2046-L - Agreements of the State.
2046-M - Bonds and Notes as Legal Investments.
2046-P - Disinterested Officers.
2046-Q - Audit and Annual Report.
2046-T - Agreements With the Town.
2046-U - Title Not Affected if in Part Unconstitutional or Ineffective.