N.Y. Estates, Powers & Trusts Law § 11-a-5.1: Disbursements from income

§ 11-A-5.1 Disbursements from income

A trustee shall make the following disbursements from income to the

extent that they are not disbursements to which subparagraph 11-A-2.1

(2)(B) or (C) applies:

(1) one-third of the regular compensation of any person providing

investment advisory or custodial services to the trustee;

(2) if the court shall find that any judicial proceeding primarily

concerns income and that it is equitable to charge the expense of such

proceeding, or a part thereof, to income, the court may direct that all

or a specified part of the expense of such proceeding, including

attorney's fees, shall be charged to income;

(3) all of the other ordinary expenses incurred in connection with the

administration, management, or preservation of trust property and the

distribution of income, including interest, ordinary repairs, regularly

recurring taxes assessed against principal; and

(4) recurring premiums on insurance covering the loss of a principal

asset or the loss of income from or use of the asset.