New York Laws
Article 2 - Office of General Services
28 - Transfer of State Lands or Watershed Conservation Easements to the City of New York for Water Supply Protection Purposes.

§ 28. Transfer of state lands or watershed conservation easements to
the city of New York for water supply protection purposes. The
commissioner of general services may, with the concurrence of the mayor
of the city of New York, transfer and convey to the city of New York, in
consideration of one dollar to be paid to the state of New York and upon
such other terms and conditions as agreed upon by such commissioner and
the mayor of the city of New York, parcels of land or watershed
conservation easements owned by the state and located within the
counties of Dutchess, Putnam, or Westchester and within the watershed of
the water supply of the city of New York, whether or not such parcels or
watershed conservation easements are unappropriated state lands, for the
purpose of protecting the water supply of the city of New York. The
city of New York may, with the prior agreement of the commissioner of
the department of health, transfer and convey any such parcels for the
sole purpose of purchasing lands in areas of higher priority for water
supply protection purposes, provided that the city of New York shall
either (1) transfer and convey to the state of New York, in
consideration of one dollar paid to the city of New York, any such
parcels provided that the city of New York continues to pay real
property taxes on any such parcels and upon such other terms and
conditions as agreed upon by the commissioner of general services and
the mayor of the city of New York; or (2) sell any such parcels to an
entity other than the state of New York and provide to the state of New
York monies equal to the original purchase price paid by the state of
New York for such parcels. For purposes of this section, the term
"watershed conservation easement" shall have the same meaning as defined
in section five hundred eighty-three of the real property tax law.