Yes. If you set your components to "Builds Externally", you can specify a path to your Team City binary drop location. Then, at the time of triggering a release, you'll specify the exact version of the binaries to deploy from that location.
You can have Team City trigger a release from RM by using the ReleaseManagementBuild.exe tool. It's located in the Release Management installation folder
You can trigger a release for a TeamCity-generated build by running ReleaseManagementBuild.exe -rt "YourReleaseTemplateName" -pl "\YourTeamCityDropLocation\Whatever\"
Related blog, from Jonathan Rajotte at Microsoft on the RM team:
http://blogs.msdn.com/b/visualstudioalm/archive/2014/04/04/release-management-continuous-deployment-with-visual-studio-online-and-any-ci-systems.aspx