N.Y. Debtor & Creditor Law § 190: Preference of debts owing by debtor as trustee

§ 190. Preference of debts owing by debtor as trustee. In making such

distribution, the trustees shall first pay all debts that may be owing

by the debtor as guardian, executor, administrator or trustee; and if

there be not sufficient to pay all debts of the character above

specified, then a distribution shall be made among them, in proportion

to their amounts respectively.