Just to go on with T.P. Ho answer. The relaxation dynamics of a system coupled to an equilibrium bath is indeed complicated and not universal. Here are some thought.
The relaxation dynamics of a Brownian particle can be written as:
$$\frac{\partial X}{\partial t} = -\frac{\partial U(X)}{\partial X} + \sqrt{2T}\eta(t)\tag 1$$
where $\eta(t)$ is a white Gaussian noise with unit variance and zero mean. This is the typical equation for equilibrium Langevin dynamics, we set $\gamma=1$ (the damping/coupling constant associated to the bath) and $k_B = 1$ for simplicity. Using the associated Fokker-Planck equation you can prove that at long time, the stationary distribution probability of $X$ is: $P_{S}(X)\sim e^{-U(X)/T}$. Which means that this equation samples correctly stationnary distribution because you obtain the results of Gibbs theory of statistical mechanics. It turns out that in most cases the relaxation dynamics of an experimental system is well predicted by this equation too. But of course, it will depend on: How close the dynamics in Eq. (1) is from the realistic dynamics. Notably you could have memory, in which case you would have a memory kernel and a noise with an autocorrelation (this is called a generalized langevin equation). However, the stationary state would be the same. But the dynamics would not! You could for example add inertia..
The take home message is that: You know for sure that your equation of relaxation must predict a Gibbs weight as a stationary state. But there are an infinite number of equations that can do that.
Now, going to your equation. Equilibrium statistical mechanics tells us that:
$$e^{-F_{thermo}(L, N)/T}=\int dM e^{-F(L, N, M)/T}\simeq \alpha e^{-F(L, N, M_{min})/T}\tag 3$$
It is indeed reasonable to say that, similarly to the Brownian case, you perform an overdamped gradient descent on $F$:
$$\frac{\partial M}{\partial t}=- \frac{\partial F(L, N, M)}{\partial M} + \sqrt{2T}\eta(t)\tag 4$$
But there is no way from thermodynamics alone to know if this is the right equation or not! If you get rid of the noise, you find indeed that you reach a local minimum. With noise, you sample the configuration space with proba $P_{s}\sim e^{-F/T}$
Additional note
In the field of non-equilibrium relaxation phase transition interested in questions such as: what's the power law associated to relaxation of the critical Ising model? Of course the answer will vary according to the dynamics of the experimental system. Is the magnetization conserved (Glauber dynamics/model B) or is it not (model A)? Nice reviews (explaining the nomenclature model A, model B) can be found here (Theory of dynamic critical phenomena) or here. In their case they are not too much concerned by memory because of the divergence of time scale and the universality classes. But still, they have to include conservation law for example.
For example, let's say that we want to study the relaxation dynamics of a conserved quantity $\rho$. We could possibly write:
$$\frac{\partial \rho(x, t)}{\partial t}=\frac{\partial^2}{\partial x^2}\frac{\delta F}{\delta \rho(x, t)}+\sqrt{2T}\frac{\partial \eta(x, t)} {\partial x}\tag 5$$
which is different from the simple model that we could come up with if $\rho(x, t)$ was not conserved:
$$\frac{\partial \rho(x, t)}{\partial t}=-\frac{\delta F}{\delta \rho(x, t)}+\sqrt{2T}\eta(x, t)\tag 6$$
(5) and (6) have the same steady state probability distribution of $\rho$!
The take home message being here: The Ising model can relax in a bunch of different way! Even if the stationary distribution of each relaxational model is the same..