Such lease shall contain proper covenants to assure the payment of adequate consideration for the interests leased, and to further protect the state as is deemed necessary by said commissioner.
Where the superintendence of the interest leased is vested in some officer or in a state department or a division, bureau or agency thereof, or in a public authority created or continued under the public authorities law, the commissioner may grant such rights only upon written request and conconsent of such officer or head of such department, division, bureau or public authority.
Said lease shall not be effective until approved as to form by the attorney general of the state.
The development of any leasehold granted pursuant to this subdivision shall be subject to the zoning regulations and ordinances of the municipality in which said property is located.
N.Y. Pub. Lands Law § 3