N.Y. General Obligations Law § 15-107: Release of partner

§ 15-107. Release of partner. A release of a partner from a

partnership liability shall release his co-partners from the same

liability to the creditor giving the release, but after a partnership

has been dissolved, by consent or otherwise, any partner may make a

separate composition or compromise with any partnership creditor, and

such composition or compromise shall discharge from such liability the

partner making it, and him only.