N.Y. Civil Practice Law & Rules § 2607: Payment of property paid into court

Rule 2607. Payment of property paid into court. No property paid into

court, or income from such property, shall be paid out except upon order

of the court directing payment to a specified person, except that if the

property so paid into court, or the income from such property, inclusive

of interest, does not exceed fifty dollars, a county treasurer may pay

the same, without a court order, to the person entitled thereto or his

authorized attorney. When the whole or remaining balance of all payments

of money into court in an action, or the whole or remaining balance of a

distributive share thereof, or any security or other property, is

directed to be paid out of court, the order must direct the payment of

all accrued income belonging to the party to whom such money or

distributive share or remaining balance thereof, or security or other

property is paid. A certified copy of the order directing payment shall

be delivered to the county treasurer or other custodian of the property.

The custodian, in the case of money, shall draw a draft payable to the

order of the party entitled thereto specifying the title of the cause or

matter on account of which the draft is made and the date of the order

authorizing the draft. A certified copy of the order, accompanied by a

draft in the case of money, shall be delivered to the depository of the

property before it shall pay out any property. If an order directs that

periodic payments be made, the filing of one copy of the order shall be

sufficient to authorize the payment of subsequent drafts in pursuance

thereof. Any other provision of law to the contrary notwithstanding, if

an order directing payment by the county treasurer is made by the court,

the copy of the order to be delivered to the county treasurer and the

depository as herein provided shall be certified by the clerk of the

court to be a true copy of the original of such order on file in his

office.