Authorizes the city of New York to discontinue certain parkland in the borough of Queens

Added a new section (1-a) to retroactively validate and legalize a previous alienation of parkland that occurred without state legislative approval.

Removed the requirement that the Metropolitan Transportation Authority must pay fair market value and that the City must dedicate that amount to new parklands or improvements.

Revised the federal compliance section to require that substituted lands be equivalent in 'fair market value and usefulness' instead of the previous 'adequate recreation properties' standard.

Changed the effective date language from a specific past date (March 5, 2026) to 'immediately,' aligning with the retroactive validation of prior actions.

Added a retroactive effective date clause, stating the act is deemed effective as of March 5, 2026, in addition to taking effect immediately.

Updated the header to indicate the bill was discharged from the Committee on Cities, amended, and recommitted, reflecting its current legislative status.

Adjusted bill numbering and page references to match the new amended version (A10866A).