# N.Y. GCT Law § 123: Acquisition of real property; financing of expenditures

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_AGCT_A8_S123

## Section

- **Citation:** N.Y. GCT Law § 123
- **Heading:** Acquisition of real property; financing of expenditures
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act GCT / Article 8 / Section 123

## Text

§ 123. Acquisition of real property; financing of expenditures. Real\nproperty required for any of the purposes set forth in this article\nshall be acquired by the governing body of the city on behalf of the\nauthority.\n Nothing contained in this article shall be construed to prevent the\nfinancing, in whole or in part, pursuant to the local finance law of any\nexpenditure made to carry out the purposes of this article.\n

## Nearby sections

- [N.Y. GCT Law § 120 Creation; board; employees](https://www.frixlaw.com/law-library/statutes/STATE_NY_AGCT_A8_S120.md)
- [N.Y. GCT Law § 121 Powers of the authority](https://www.frixlaw.com/law-library/statutes/STATE_NY_AGCT_A8_S121.md)
- [N.Y. GCT Law § 122 Reports of the authority](https://www.frixlaw.com/law-library/statutes/STATE_NY_AGCT_A8_S122.md)
- [N.Y. GCT Law § 123 Acquisition of real property; financing of expenditures](https://www.frixlaw.com/law-library/statutes/STATE_NY_AGCT_A8_S123.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_AGCT_A8_S123. Check the current official text before relying on it. Not legal advice.