§ 1439. Agreements between villages in Nassau county and the county of
Nassau, towns, special and school districts therein; and between
villages in Westchester county and the county of Westchester, towns,
special and school districts therein; and between villages in Suffolk
county and the county of Suffolk, towns, special and school districts
therein, for the collection of taxes. 1. Notwithstanding the provisions
of any general, special or local law, any village in the county of
Nassau, the county of Westchester and the county of Suffolk may, by
resolution of its board of trustees, enter into an agreement with the
county or any town, school district or special district therein with
respect to any parcel of real property upon which each of the parties
has tax liens. The resolutions of the governing bodies of the parties to
the agreement authorizing such parties to enter into the agreement may
also provide for the satisfaction and discharge of such tax liens of
record although the amount realized from the sale or other disposition
of the property pursuant to the agreement is insufficient to pay the
full amount of the tax liens of the parties to the agreement.

2. Such agreement may provide for the sale or other disposition of
such parcel free and clear of all unpaid tax liens held by the parties
thereto which liens accrued on or before the date of such sale or
disposition. Such agreement may also provide for:

a. The disposition of such property even though for less than the full
amount of the tax liens of the parties.

b. The distribution of the proceeds from the sale or such other
disposition of the property and arrangements for such distribution when
the proceeds are insufficient to discharge all such tax liens.

Such an agreement may also be made between such village and any person
having any tax lien on or any other right, title, interest or equity of
redemption in such property.

3. When authorized by resolution of its board of trustees, any village
in the county of Nassau, in Westchester county and in the county of
Suffolk having a tax lien may protect such tax lien by bidding for and
purchasing the real property affected by such tax lien at a judicial
sale of such real property in any action for the foreclosure of a lien
for unpaid village, county, town, school or special district taxes or
assessments for benefit or local improvements.

4. In order to carry out an agreement authorized by this section or
bid for and purchase such property at a judicial sale as authorized by
this section, the board of trustees of such a village may:

a. Provide funds in its budget for such purposes.

b. Appropriate for such purposes any funds not otherwise appropriated.

c. Provide funds for such purposes pursuant to the local finance law.

5. The term "tax lien," as used in this section, shall include liens
for taxes, and assessments for benefit or local improvements, whether or
not

a. Such taxes or assessments have been relevied as a part of any
annual tax;

b. Any of such liens have been sold and certificates of sale issued
therefor;

c. Deeds or conveyances have been issued by a treasurer or similar
fiscal officer based upon such certificates of sale; or

d. Deeds or conveyances have been issued pursuant to a judgment
foreclosing any such lien.