N.Y. County Law § 552: Liability of county for loss of court and trust funds

§ 552. Liability of county for loss of court and trust funds. Each

county shall be responsible for all property or moneys deposited with

the county treasurer of the county by virtue of any judgment, decree or

order of a court of record in this state provided, however, that no

county shall be held liable for any loss due to the depreciated value of

an investment legal at the time of its purchase and which continued to

be a legal investment during the period of the trust. An action to

recover any loss to or of such fund may be brought against the county by

any party aggrieved or by the state comptroller in a court of competent

jurisdiction.