N.Y. Civil Practice Law & Rules § 6218: Sheriff's duties after levy

§ 6218. Sheriff's duties after levy. (a) Retention of property. The

sheriff shall hold and safely keep all property or debts paid,

delivered, transferred or assigned to him or taken into his custody to

answer any judgment that may be obtained against the defendant in the

action, unless otherwise directed by the court or the plaintiff, subject

to the payment of the sheriff's fees and expenses. Any money shall be

held for the benefit of the parties to the action in an interest-bearing

trust account at a national or state bank or trust company. If the

urgency of the case requires, the court may direct sale or other

disposition of property, specifying the manner and terms thereof, with

notice to the parties to the action and the garnishee who had possession

of such property.

(b) Inventory. Within fifteen days after service of an order of

attachment or forthwith after such order has been vacated or annulled,

the sheriff shall file an inventory of property seized, a description of

real property levied upon, the names and addresses of all persons served

with the order of attachment, and an estimate of the value of all

property levied upon.