NY Pks, Rec & Hist Pres L § 19.17 (2021)
2021 New York Laws PAR - Parks, recreation and historic preservation Title C - Parks, Recreation and Historic Preservation Article 19-A - Property Held by the Office of Parks, Recreation and Historic Preservation 19.17 - Clarifying Title to Property on Loan.

§  19.17  Clarifying  title  to  property on loan. Notwithstanding any   other provisions of law regarding abandoned or lost property the  office   may,  beginning  five  years from the date the lender last contacted the   office, clarify title to property on permanent loan  or  loaned  for  an   indeterminate period or a specified term that has expired.  Proof of the   date  on  which  the  lender  last  contacted  the  office  may  include   previously sent registered letters or loan  forms,  returned  envelopes,   inventories and other documentary evidence. The procedure for clarifying   title shall be as follows:1. The office must give notice by mail to the lender that it wishes to   clarify ownership rights in the property.2.  In  addition to the information described in section 19.16 of this   article, the notice shall be entitled "Notice of Termination"  and  must   include  a statement containing substantially the following information:   "The  records  of  the  office  of  parks,   recreation   and   historic   preservation  indicate  that  you  have  property  on  loan  at (name of   facility).  The office is seeking to determine whether you wish (i) that   the office return the property to you, (ii) that the property remain  on   loan  to  the office subject to annual renewal, or (iii) that the office   retain the property permanently as its owner. Please  contact  (name  of   contact)  in  writing within one hundred twenty days, in order to advise   the office as to which of the above alternatives you wish to follow."3. If, no  later  than  one  hundred  twenty  days  following  receipt   thereof,  the  lender  does  not respond to the notice of termination by   submitting a written claim  to  the  property  on  loan  with  verifying   documentation  the  office  shall  send  a  second  notice to the lender   containing the following information: "On (date of  first  notice),  the   office  of parks, recreation and historic preservation sent you a notice   concerning property that, according to our records, has been  loaned  to   the  office.  You  have not responded to that notice, a copy of which is   enclosed, and the office will commence proceedings to acquire  title  to   the  property if you do not contact (name of contact), in writing within   one hundred twenty days of receiving this second notice."4. If the lender fails to respond to the second  notice  described  in   subdivision  three  of  this  section  within one hundred twenty days of   receipt, at the request of the commissioner, the  attorney  general  may   make  an  application to the supreme court pursuant to article thirty of   the civil practice law and rules for a declaratory judgment to determine   the office's right to such property.  In a case in  which  there  is  no   evidence that the notices previously sent by the office were received by   the lender, upon application, the supreme court shall specify the method   by which service shall be made upon the lender.