N.Y. Navigation Law § 189: Awards exceeding current balance

§ 189. Awards exceeding current balance. In the event that the total

awards for a specific occurrence exceed the current balance of the fund,

the immediate award shall be paid on a prorated basis, and all claimants

paid on a prorated basis shall be paid as determined by the

administrator, a pro rata share of all moneys received by the fund until

the total amount of the proven damages is paid to the claimant or

claimants. The administrator may also provide through regulation to fix

the priority for the payment of claims based on extreme hardship.