N.Y. Personal Property Law § 258: Proceeds to be paid into fund

§ 258. Proceeds to be paid into fund. Proceeds from the sale of lost

property, less lawful deductions, or the money constituting lost

property, shall be paid into the treasury of the county, city, town or

village in the police department of which the property was deposited

unless otherwise provided pursuant to section two hundred fifty of the

general municipal law or other applicable statute, or into the abandoned

property fund of the state if the property was deposited with the state

police, the capital buildings police or the regional state park police

or returned to a safe deposit company or bank pursuant to section two

hundred fifty-six of this chapter, or into a fund established pursuant

to subdivision eight of section three hundred fifty-five of the

education law if the property was deposited with a security officer or

police officer appointed by the state university.