N.Y. Estates, Powers & Trusts Law § 13-3.1: Rights of payees in non-transferable United States savings

§ 13-3.1 Rights of payees in non-transferable United States savings

bonds

Where any United States savings bond is payable to a designated

person, whether as owner, co-owner or beneficiary, and such bond is not

transferable, the right of such person to receive payment of the bond

according to its terms, and the ownership of the money so received,

shall not be impaired or defeated by any statute or rule of law

governing the transfer of property by will, gift or intestacy, except as

provided in section 5-1.1-A; provided further that nothing herein shall

limit article 10 of the debtor and creditor law or 2-1.8.