No State agency shall sell or otherwise transfer any State-owned land or facility located in a flood hazard area to any person, other than a State agency, without providing in the deed or other instrument of transfer necessary covenants and use restrictions, binding on the grantee and his or her heirs, successors and assigns, which ensure that said property or facility will forever be utilized in a manner consistent with the provisions of this Part.
N.Y. Comp. Codes R. & Regs. Tit. 6 § 502.6