N.Y. Debtor & Creditor Law § 21-a: Company pension plans; deductions from wages trust moneys; preference

§ 21-a. Company pension plans; deductions from wages trust moneys;

preference. Moneys contributed from wages or salary by an employee or

former employee under any retirement system or plan maintained or

operated by a domestic corporation, association, co-partnership or

joint-stock company, together with all accumulations of interest, shall

belong to the employee making the contributions and be deemed to be held

in trust by the employer for the benefit of the employee. In all

distribution of assets of such an employer or former employer, whether

insolvent or otherwise, the amount so contributed, together with such

accumulations of interest, shall first be paid to the employee or former

employee, his executors, administrators or assigns, before payment of

unsecured creditors.