N.Y. Debtor & Creditor Law § 57: Effect of consent where petitioner is a joint debtor

§ 57. Effect of consent where petitioner is a joint debtor. A

creditor's consent does not affect his remedy against any person or

persons indebted jointly with the petitioner; and the petitioner's

discharge has the effect, as between the creditor and the other joint

debtors, of a composition between the petitioner and the creditor, made

as prescribed in title one of article fifteen of the general obligations

law.