N.Y. Debtor & Creditor Law § 175: Effect of answers on examination

§ 175. Effect of answers on examination. The person so examined, and

answering to the satisfaction of the court, shall not be liable to any

penalty imposed for concealing and not delivering any property, or

paying any debt; but his answers on such examination, may be given in

evidence in the same manner, and with the like effect, as if he had been

examined by such trustees in an action brought by them against him for

the recovery of such property or debt.