Section 7-a - Relationship with the New York state and the housing finance agency health and mental hygiene facilities improvement corporationNotwithstanding any provision of this act to the contrary:
(a) The city shall not sell, assign, transfer or sublet to the corporation any health facility, as defined in section three of the health and mental hygiene facilities improvement act, located at or related to or constituting a hospital, as defined in article twenty-eight of the public health law, if such health facility is subject to any lease, sublease or other agreement between the city and the New York state housing finance agency, provided however, nothing herein shall prohibit the licensing or other operating agreement for the health facility so long as the city does not surrender possession thereof and that the city continues to remain liable and obligated to observe and perform each and every covenant, agreement, obligation and undertaking required to be observed and performed by the city pursuant to the provisions of any lease, sublease or other agreement between the city and the New York state housing finance agency.(b) The corporation is authorized to sell or lease to the agency any real property for the purpose of causing health facilities to be constructed, reconstructed, rehabilitated or improved by the health and mental hygiene facilities improvement corporation and the New York state housing finance agency pursuant to a lease, sublease or other agreement between the city and the New York state housing finance agency as provided in the health and mental hygiene facilities improvement act and article three of the private housing finance law.N.Y. New York City Health and Hospitals Corporation Act Law § 7-a