N.Y. Civil Practice Law & Rules § 1314: Attaching creditor's rights in personal property

§ 1314. Attaching creditor's rights in personal property. Where the

claiming authority has delivered an order of attachment to a claiming

agent, the claiming authority's rights in a debt owed to a defendant or

in an interest of a defendant in personal property against which debt or

property a judgment may be enforced, are superior to the extent of the

amount of the attachment to the rights of any transferee of the debt or

property, except:

1. A transferee who acquired the debt or property before it was levied

upon for fair consideration and without knowledge of the order of

attachment; or

2. A transferee who acquired the debt or property for fair

consideration after it was levied upon without knowledge of the levy

while it was not in the possession of the claiming agent.