N.Y. Abandoned Property Law § 1223: Alternative to escheat

§ 1223. Alternative to escheat. If it appears from the records of the

United States that the rightful owner of any property subject to escheat

under this article has not made claim thereto for seven years and the

attorney general does not deem it advisable to institute an escheat

proceeding with respect thereto, or has instituted such a proceeding but

has not obtained a judgment of escheat therein, such unclaimed property

may be deemed abandoned property and shall be paid or delivered to the

state comptroller for disposition in accordance with the provisions of

this chapter and the provisions of section ninety-five of the state

finance law.