N.Y. Abandoned Property Law § 1400: Statutes of limitations not a bar

§ 1400. Statutes of limitations not a bar. The expiration of any

period of time specified by law, during which an action or proceeding

may be commenced or enforced to secure payment of a claim for money or

recovery of property, shall not prevent any such money or property from

being deemed abandoned property, nor affect any duty to file a report

required by this chapter or to pay or deliver to the state comptroller

any such abandoned property; and shall not serve as a defense in any

action or proceeding by or on behalf of the state comptroller to compel

the filing of any report or the payment or delivery of any abandoned

property required by this chapter or to enforce or collect any penalty

provided by this chapter.