N.Y. Civil Practice Law & Rules § 2701: When court may order disposition of property

§ 2701. When court may order disposition of property. The court, upon

motion or on its own initiative, with such notice as it deems proper,

may order personal property capable of delivery which is the subject of

the action, paid into court, or delivered to such person as it may

direct, with such security as the court shall direct, and subject to its

further direction if:

1. a party has such property in his possession, custody or control as

trustee for another party or where it belongs or is due to another

party; or

2. a party has such property in his possession, custody or control and

it belongs or is due to another party, where special circumstances make

it desirable that payment or delivery to such other party should be

withheld; or

3. the ownership of such property will depend on the outcome of a

pending action and no party is willing to accept possession or custody

of it during the pendency of the action.