N.Y. Multiple Dwelling Law § 359: Receivership

§ 359. Receivership. Whenever the lien or liens established by

judgment pursuant to this article shall amount to one thousand dollars

or more, and there be no stay pending appeal, the department shall

appoint a receiver of the rents and profits of such premises. Such

receiver shall give security for the performance of his duties in the

manner and form fixed by the department. He shall have the powers and

duties of a receiver of rents and profits of real estate appointed by

the supreme court; provided, that the corporation counsel shall act as

his counsel and the receiver shall not be allowed any expenditure for

counsel fees, and his commissions shall be ten per centum of his

collections, which sum shall be full compensation for his services and

those of any agent or agents whom he may employ. Such receivership shall

continue until the amount of such liens with interest thereon at the

rate of six per centum, and of the commissions, have been fully paid;

provided, that nothing in this section shall be construed to prevent any

prior lienor from applying to the court in a proper case for a receiver

of the premises.