N.Y. Debtor & Creditor Law § 23: Limitation of preferences

§ 23. Limitation of preferences. In all general assignments of the

estates of debtors for the benefit of creditors no preference created

therein, other than for the wages or salaries of or moneys held in trust

for employees under section twenty-one-a and section twenty-two or cash

deposits upon purchases for future delivery of merchandise or services

under section twenty-two, shall be valid.