New York Real Property Tax Law Section 1170 - Deed in lieu of foreclosure.

  1170.  Deed  in  lieu  of  foreclosure.  Any tax district may, when
  authorized  by  resolution  of  its  governing  body  and  in  lieu   of
  prosecuting  a  proceeding to foreclose a tax lien on any parcel of real
  property pursuant to this article, accept a conveyance of  the  interest
  of  any  person having any right, title, interest, claim, lien or equity
  of redemption in or to such parcel.

Last modified: February 3, 2019