N.Y. Partnership Law § 121-605: Distribution in kind

§ 121-605. Distribution in kind. Except as provided in the partnership

agreement, a partner, regardless of the nature of his contribution, has

no right to demand and receive any distribution from a limited

partnership in any form other than cash. Except as provided in the

partnership agreement, a partner may not be compelled to accept a

distribution of any asset in kind from a limited partnership to the

extent that the percentage of the asset distributed to him exceeds a

percentage of that asset which is equal to the percentage in which he

shares in distributions from the limited partnership.