N.Y. Abandoned Property Law § 1000: Unclaimed condemnation awards

§ 1000. Unclaimed condemnation awards. 1. (a) Any moneys held or owing

for the payment of an award made by a court in any condemnation

proceeding and payable by a public corporation or other corporation

possessing powers of condemnation, which shall have remained unclaimed

by the person or persons appearing to be entitled thereto for three

years after confirmation by the court, together with any interest due

thereon, less, when an award is payable by a public corporation, any

amount due such public corporation at the time of title vesting for tax,

water or any other liens on the same parcel the award was for, with any

interest due thereon, and any amount due such public corporation at the

time of title vesting or at the time of confirmation, whichever is

later, for an assessment on the same parcel the award was for, with any

interest due thereon, shall be deemed abandoned property. In any

condemnation proceedings in which the court shall have not made an

award, any moneys paid into court, including interest thereon, shall be

subject to the provisions of article six of this chapter and this

section shall have no application thereto.

(b) The issuance of a warrant for such an award shall not prevent an

award from being deemed abandoned property if such warrant is unclaimed

three years after confirmation of such award by the court.

2. Any such abandoned property held or owing by such a corporation to

which the right to receive the same is established to the satisfaction

of such corporation shall cease to be deemed abandoned.