N.Y. Lien Law § 100: Distribution of surplus

§ 100. Distribution of surplus. If upon payment of all claims

established as liens against the vessel from the proceeds of its sale, a

surplus remains, it may be distributed by the court to the persons

entitled thereto, after a hearing and the publication of a notice by the

applicants for the same time and in the same manner as the notice of

seizure is required by this article to be published. Such notice shall

specify the amount of the surplus proceeds, the names of the persons

applying therefor, the name of the vessel from the sale of which the

same arose, the date of the sale and the time and place when the hearing

will be held and the distribution of the surplus made.