2006 New York Code - Acquisition Of Real Property.

 
    §  1856.  Acquisition  of  real property. 1. Upon determination by the
  authority  that  any  real  property  is  necessary  for  its  corporate
  purposes,  the  commissioner  shall,  if  so requested by the authority,
  acquire the same in the name of the state by dedication,  by  agreement,
  by condemnation pursuant to the condemnation law, or by appropriation in
  the  manner  provided  by section thirty of the highway law, and payment
  therefor shall be made by the authority from the proceeds of sale of its
  bonds, notes or  other  obligations,  or  from  other  available  moneys
  therefor.  The  authority  shall  hold  such property in the name of the
  state and shall have the right to possess  and  use  for  its  corporate
  purposes,  so  long  as its corporate existence shall continue, all such
  real property and rights in real property so acquired.
    2. At any time after this title shall become effective, the  authority
  may, by resolution, assume jurisdiction over and hold in the name of the
  state all or any part of the real property acquired and held in the name
  of  the  state  by  the  state  office  of  atomic development. Upon the
  effective date of such resolution, the authority  shall  hold  any  such
  real  property  in  the  name  of  the state and shall have the right to
  possess and use for its corporate purposes, so  long  as  its  corporate
  existence shall continue, any such real property.