N.Y. Financial Services Law § 1007: Assignability; liens

§ 1007. Assignability; liens. (a) The contingent right to receive an

amount of the potential proceeds of a legal claim is assignable by a

consumer and/or litigation funding company.

(b) Only attorney's liens related to the legal claim which is the

subject of the litigation funding contract or Medicare or other

statutory liens related to the legal claim shall take priority over any

lien of the litigation funding company. All other liens shall take

priority by normal operation of law.