N.Y. Banking Law § 612-a: Payment of wages

§ 612-a. Payment of wages. All wages actually owing to the employees

of a banking organization in the possession of the superintendent for

services rendered within three months prior to the date when possession

was taken, not exceeding two thousand dollars to each employee, shall be

paid prior to the payment of every other debt or claim, and in the

discretion of the superintendent may be paid as soon as practicable

after taking possession, except that at all times the superintendent

shall reserve such funds as will in his opinion be sufficient for the

expenses of administration.