2023 New York Laws › WKC - Workers' Compensation › Article 6 - State Insurance Fund. › 81 - Offices, Lands, Leaseholds and Buildings.

§ 81. Offices, lands, leaseholds and buildings. The commissioners, any
  law  to  the contrary notwithstanding, (a) may lease, sub-lease, rent or
  otherwise hire, on behalf of and in the sole name of the state insurance
  fund and under such terms and conditions and for such period or  periods
  not   in  excess  of  ninety-nine  years  as  in  the  judgment  of  the
  commissioners may seem to the  best  interests  of  the  fund,  suitable
  premises in the city of New York and in the city of Albany, and maintain
  offices therein, and may in the same manner establish and maintain other
  offices  at  such places in the state as may be required to properly and
  conveniently transact the business of the fund and (b) the commissioners
  may in the name of the state insurance fund, subject to the approval  of
  the   superintendent  of  financial  services  as  provided  in  section
  eighty-seven of this  article,  out  of  its  surplus,  (1)  acquire  by
  purchase  or  acquire by gift or devise and hold and convey land with or
  without buildings or  improvements  thereon,  or  acquire  by  purchase,
  sub-lease, assignment, transfer, gift, devise or in any other manner and
  hold  and  convey any lease, sub-lease or leasehold of real property and
  for any term of years not  in  excess  of  ninety-nine  years,  and  (2)
  construct  a  new  building  or  buildings  on such land or leasehold or
  reconstruct or operate and maintain existing buildings, as the case  may
  be,  with  facilities and appurtenances to provide suitable office space
  for the convenient transaction of the business of  the  state  insurance
  fund;  and (c) notwithstanding the provisions of any general, special or
  local law, the commissioners are authorized to rent any available  space
  in  such  premises,  buildings  or  property  not  required by the state
  insurance fund to private tenants or to public agencies, with or without
  leases, upon such terms and rentals as the commissioners deem to be  for
  the  best  interests  of the state insurance fund. The commissioners may
  manage and operate such properties or leaseholds either  by  forces  and
  equipment  of  the  fund  or,  with  the approval of the director of the
  budget,  by  contracting  for  the  management  and  operation  of  such
  properties  or leaseholds with any person, firm or corporation that they
  shall select and that is engaged in such business but no  such  contract
  shall  be made for a period in excess of five years, or by a combination
  of such methods. The commissioners may, from time to  time,  enter  into
  agreements  modifying  any  lease or leasehold made or acquired as above
  provided. The obligation of the state insurance fund or any lease  made,
  modified  or  acquired  or on any contract entered into pursuant to this
  section shall not be limited by any provisions of  section  eighty-eight
  of  this  article  or  of  section  one hundred sixty-one-a of the state
  finance law. The commissioners may sue and be sued in the  name  of  the
  state  insurance fund in any form of action or proceeding on all matters
  relating to ownership, management, operation and  control  of  any  such
  land  and  buildings  or  leaseholds  and on all matters relating to its
  rights and obligations under any lease, sub-lease, renting or hiring  of
  any  such  land  and buildings and to its possession thereof and removal
  therefrom.